In recent trading, shares of W.W. Grainger Inc. (Symbol: GWW) have crossed above the average analyst 12-month target price of $730.90, changing hands for $736.98/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on
In recent trading, shares of Clorox Co (Symbol: CLX) have crossed above the average analyst 12-month target price of $156.27, changing hands for $156.37/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuatio
In recent trading, shares of Kaiser Aluminum Corp. (Symbol: KALU) have crossed above the average analyst 12-month target price of $70.50, changing hands for $70.67/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade o
In recent trading, shares of CarGurus Inc (Symbol: CARG) have crossed above the average analyst 12-month target price of $21.90, changing hands for $22.51/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuati
On this episode of ETF Prime, VettaFi’s Lara Crigger discussed two of the biggest ETF trends in 2023 with host Nate Geraci. Michael Natale of Northern Trust was on later to talk about the macro outlook for equities and bonds, and Teucrium’s Sal Gilbertie closed with a discussion of the firm’s most recently launched ETF and [...]
Read more at ETFtrends.com.
Are bonds really and truly back? As markets hit the mid-year point, it’s time to revisit some of the themes and trends investors are watching. One such storyline surrounds the return of fixed income. While the income may really be back into the 40 side of the 60/40, not all bonds offer the same returns. [...]
Read more at ETFtrends.com.
High beta has been a top-performing factor year to date, with its strong showing continuing into June. The Invesco S&P 500 High Beta ETF (SPHB), which tracks the S&P 500 High Beta Index, is up 13.6% over one month, while the parent S&P 500 has climbed 5.4%. Year to date, SPHB is outpacing the benchmark by [...]
Read more at ETFtrends.com.
With news that inflation once again cooled arriving on Tuesday, investors may be feeling more confident about a Fed rate pause. Markets have been excited by the prospect of a pause in ongoing rates for months. Further, the news boosts the case for growth-minded ETFs that may invest in disruptive areas in tech and medicine. [...]
Read more at ETFtrends.com.
The many multifactor ETFs available to investors can largely be divided into two groups. Both isolated/mixed and integrated multifactor ETFs look to achieve similar goals: enhance returns while diversifying sources of risk. However, the two types go about it in different ways, making it important for advisors to fully understand how each approach works. Isolated/Mixed [...]
Read more at ETFtrends.com.
Fixed and active strategy funds can offer investors set-it-and-forget-it options for their portfolios. However, some may want a higher degree of customizability. With direct indexing, investors can essentially become their own portfolio managers. “When you own the stocks directly, you are ultimately the portfolio manager,” Karen Wallace wrote in Morningstar. “That means you can customize [...]
Read more at ETFtrends.com.
Ongoing market volatility and uncertainty continue to create a challenging environment for advisors and investors. Given second-half recession concerns, clients are most focused on reliable, current income in today’s markets. The Nationwide suite of ETFs seek to provide monthly income opportunities within equities and a measure of downside protection. In a recent Nationwide webcast hosted [...]
Read more at ETFtrends.com.
The S&P 500 hit bull market territory last week from October 2022 lows, and the latest declining inflation print could prove a tailwind for equities. Investors seeking to capture the full potential of an equity bull run while optimizing income would do well to consider the outperforming NEOS S&P 500 High Income ETF (SPYI). Headline [...]
Read more at ETFtrends.com.
Investors may decide to move down the cap spectrum for the diversification benefits and long-term historical premium offered by small caps. Small cap is an inherently capacity-constrained asset class. Capacity issues may force fund managers to deviate from the investment strategy or change the investment opportunity set. Conversely, allocating more to the existing strategy may [...]
Read more at ETFtrends.com.
Top Performing Levered/Inverse ETFs Last Week These were last week’s top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly. Always do your homework. Ticker Name 1 Week Return (TSLL ) Direxion Daily TSLA Bull 1.5X Shares ETF 21.72% (TSL ) GraniteShares 1.25x Long Tesla Daily ETF GraniteShares 1.25x [...]
Read more at ETFtrends.com.
The iShares U.S. Basic Materials ETF is seeing unusually high volume in afternoon trading Tuesday, with over 347,000 shares traded versus three month average volume of about 79,000. Shares of IYM were up about 2.3% on the day.
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the iShares iBoxx $ High Yield Corporate Bond ETF, which added 19,400,000 units, or a 9.3% increase week over week.
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the iShares MSCI Emerging Markets ETF, where 17,100,000 units were destroyed, or a 2.8% decrease week over week. Among the largest underlying
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR Bloomberg Convertible Securities ETF (Symbol: CWB) where we have detected an approximate $178.6 million dollar inflow -- that's a 4.8% increase
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SCHD ETF (Symbol: SCHD) where we have detected an approximate $162.3 million dollar inflow -- that's a 0.3% increase week over week in outstanding u