Saudi Arabia and its national oil producer are benefitting from surging oil prices. The country reported a budget surplus of $15.3 billion in Q1 as government officials curbed spending amidst flowing oil income. Bloomberg reported that total government revenue was 278 billion riyals, up 36% from the year earlier, while spending rose 4% over the [...] Read more at ETFtrends.com.
In trading on Tuesday, the Lithium ETF is outperforming other ETFs, up about 5% on the day. Components of that ETF showing particular strength include shares of Lithium Americas, up about 5.1% and shares of Albemarle, up about 4.7% on the day.
China’s JD.com reported earnings today, and while the e-commerce giant was hit by COVID-19 slowdowns in China, as reflected in a slowed revenue growth, it beat revenue expectations and was trading up this morning, reported CNBC. The Chinese company experienced its slowest-ever revenue growth over a single quarter, coming in at 18% in the first [...] Read more at ETFtrends.com.
Investors are constantly searching for the next big thing, but in the early stages, it can be hard to identify opportunities that are ripe for long-term growth. While themes like the metaverse and blockchain are commonly viewed as the largest present growth opportunities, industry leaders are focused on digitization for the physical world — specifically, [...] Read more at ETFtrends.com.
In trading on Tuesday, shares of the Vanguard High Dividend Yield ETF (Symbol: VYM) crossed above their 200 day moving average of $109.36, changing hands as high as $109.82 per share. Vanguard High Dividend Yield shares are currently trading up about 1% on the day. The chart
In trading on Tuesday, shares of the iShares Latin America 40 ETF (Symbol: ILF) crossed above their 200 day moving average of $26.61, changing hands as high as $26.75 per share. iShares Latin America 40 shares are currently trading up about 2.1% on the day. The chart below sh
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Vanguard S&P 500 ETF, where 25,730,045 units were destroyed, or a 3.7% decrease week over week. Among the largest underlying component
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the Vanguard FTSE Emerging Markets ETF, which added 27,606,236 units, or a 1.6% increase week over week. Among the largest underlying components of V
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Russell 2000 ETF (Symbol: IWM) where we have detected an approximate $1.0 billion dollar inflow -- that's a 2.0% increase week over week in
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares 1-3 Year Treasury Bond ETF (Symbol: SHY) where we have detected an approximate $865.2 million dollar inflow -- that's a 3.7% increase week o
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard Tax-Exempt Bond ETF (Symbol: VTEB) where we have detected an approximate $1.1 billion dollar inflow -- that's a 7.5% increase week over wee
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard Mid-Cap ETF (Symbol: VO) where we have detected an approximate $754.8 million dollar inflow -- that's a 1.6% increase week over week in out
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Invesco QQQ (Symbol: QQQ) where we have detected an approximate $835.6 million dollar inflow -- that's a 0.5% increase week over week in outstanding
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard Health Care ETF (Symbol: VHT) where we have detected an approximate $615.8 million dollar inflow -- that's a 3.9% increase week over week i
A wheat commodity-related exchange traded fund surged Monday after India banned exports of wheat in response to growing food security issues. Among the better-performing non-leveraged ETFs of Monday, the Teucrium Wheat Fund (NYSEArca: WEAT) gained 4.3%. Meanwhile, CBOT wheat futures were up 5.9% to $12.475 per bushel. India’s government suspended all overseas sales to maintain its own [...] Read more at ETFtrends.com.
Energy sector-related exchange traded funds rallied Monday after a new regulatory filing revealed Warren Buffett’s Berkshire Hathaway upped its stake in Occidental Petroleum (NYSE: OXY). Among the best performing non-leveraged ETFs of Monday, the Invesco Dynamic Energy Exploration & Production Portfolio (NYSEArca: PXE) gained 4.1%, First Trust Energy AlphaDEX Fund (NYSEArca: FXN) rose 2.7% and [...] Read more at ETFtrends.com.
A palladium exchange traded fund shined on Monday as the precious metal is expected to slip back to a deficit this year. The abrdn Standard Physical Palladium Shares ETF (NYSEArca: PALL) increased 4.9% on Monday while the palladium spot price was up 4.9% to $2,041.6 per ounce. Lifting palladium prices, Autocatalyst maker Johnson Matthey warned that [...] Read more at ETFtrends.com.
Junk bond exchange traded funds have taken a beating this year, and the blows may not let up any time soon. Year-to-date, the iShares iBoxx $ High Yield Corp Bond ETF (NYSEArca: HYG) declined 10.4% and the SPDR Bloomberg Barclays High Yield Bond ETF (JNK) decreased 10.9%. Speculative-grade junk bonds have plunged and yields have surged [...] Read more at ETFtrends.com.
Younger people are becoming more interested in investing, and people in the 25 to 34 age group will be the types of investors that financial advisors should court and focus on, according to Morningstar CEO Kunal Kapoor. In Monday’s opening keynote address at the Morningstar Investment Conference, Kapoor told attendees that “the type of investors [...] Read more at ETFtrends.com.