Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itsel
In recent trading, shares of Helmerich & Payne, Inc. (Symbol: HP) have crossed above the average analyst 12-month target price of $43.77, changing hands for $47.29/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgra
KraneShares, the investment firm behind such funds as the KraneShares CSI China Internet ETF (KWEB) and the KraneShares Global Carbon Strategy ETF (KRBN), hosted a Bay Area Innovation Forum on Thursday to discuss investment opportunities within innovation in a changing global macro environment. The forum opened with a discussion between former U.S. Ambassador to Singapore, [...] Read more at ETFtrends.com.
BlackRock has become the latest firm to launch a blockchain-themed ETF, the iShares Blockchain and Tech ETF (NYSE Arca: IBLC), as interest in Crypto has prompted a wave of new assets for investors to explore. Discussing this and more further on this week’s ETF Report is ETF Trends’ head of research, Todd Rosenbluth, who has plenty [...] Read more at ETFtrends.com.
U.S. stocks climbed Thursday, with technology stocks leading the charge ahead of Apple and Amazon’s earnings calls after hours this evening. Meta Platforms, which was pummeled by its fourth quarter 2021 earnings report, released a solid first quarter earnings report, rallying shares higher. Meta’s stock rose 18% after the company said it added more users [...] Read more at ETFtrends.com.
Income-minded investors who are looking for another yield-generating idea can consider the potential benefits of preferred securities and a related exchange traded fund. In the recent webcast, Balancing Yield and Risk with Preferred Securities, Rick Baker, managing director of the client portfolio management team, Manulife Investment Management, explains what preferred securities are. Preferred securities are [...] Read more at ETFtrends.com.
In trading on Thursday, shares of the WisdomTree U.S. Quality Dividend Growth Fund ETF (Symbol: DGRW) crossed above their 200 day moving average of $62.54, changing hands as high as $63.15 per share. WisdomTree U.S. Quality Dividend Growth Fund shares are currently trading up
In trading on Thursday, shares of the SCHD ETF (Symbol: SCHD) crossed above their 200 day moving average of $77.75, changing hands as high as $78.08 per share. SCHD shares are currently trading up about 1.7% on the day. The chart below shows the one year performance of SCHD s
Investors looking for a way to hedge against inflation are increasingly looking to TIPS, or Treasury inflation-protected securities. A commonly held belief is that by the time you hear about TIPS, like when they’re making headlines and raking in new assets, you’re too late to the party. However, the massive inflows into the FlexShares iBoxx [...] Read more at ETFtrends.com.
The gaining traction and importance of ESG across the investing world has not been lost on the midstream space. “When we first looked at midstream and ESG back in 2019, there were about nine or so companies that had ESG or sustainability reports in place, and nobody had net-zero emission targets,” Stacey Morris, director of [...] Read more at ETFtrends.com.
ETF Trends’ CEO Tom Lydon discusses the Invesco Water Resources ETF (PHO) on this week’s ETF of the Week podcast with Chuck Jaffe of the MoneyLife Show. Lydon opens by discussing increasing warming globally, ongoing droughts, and the impacts of water scarcity on crops and food supply. “Just a couple of years ago, we saw [...] Read more at ETFtrends.com.
By Rebecca Felton, Senior Market Strategist SUMMARY Individual investor goals and needs should trump a Wall Street adage. Market timing can negatively impact an investor’s long-term plan. We believe that stocks will provide better protection against inflation than cash. As we turn the calendar to May, chances are the adage “Sell in May and Go [...] Read more at ETFtrends.com.
Barclays Bank PLC said today it has suspended sales of each series of iPath ETNs, effective as of the open of trading on Thursday. The suspension of sales of the 30 ETNs with $1.6 billion in combined assets, according to Bloomberg, is due to a paperwork issue with U.S. regulators. The bank said it expects [...] Read more at ETFtrends.com.
Risk-off behavior in the credit markets last week had both triple-C- and double-B-rated bonds each reporting a -0.95% return for the week ending April 25. Single-B-rated bonds returned -0.81%, reports BondBloxx Investment Management co-founder and CIO Elya Schwartzman in his weekly update on the U.S. credit markets. Meanwhile, single-B-rated bonds outperformed both BB and CCC buckets by [...] Read more at ETFtrends.com.
Global X ETFs announced the launch of the Global X Metaverse ETF (VR), which begins trading on the Nasdaq. VR is Global X’s latest addition to its Thematic Growth suite of ETFs, which offers investors targeted exposure to companies around the world driving long-term, paradigm-shifting themes. The metaverse, a set of virtual, three-dimensional real-time rendered [...] Read more at ETFtrends.com.
Rising rates and low valuations have lured investors to Latin America in 2022, with Reuters reporting that Latin American stock and bond portfolios bringing in about $18 billion of foreign capital year-to-date through February. The war in Ukraine has increased risk aversion among investors toward some sections of European markets, which is also steering investors [...] Read more at ETFtrends.com.
The Biden administration is expected to announce a regulatory plan today, April 28, that will culminate in a national ban of menthol cigarettes and all flavored cigarettes, a policy that has been two decades in the making, reports the Wall Street Journal. Menthol cigarettes make up roughly one-third of all cigarettes sold annually in the [...] Read more at ETFtrends.com.
By Michael Paciotti, CFA If you’re afraid of inflation, I think – and if you can bring yourself to have a long horizon – and when I say long, I mean ten to 20 years, not the usual ten to 20 weeks – that locking up resources in the ground is a terrific idea. – Jeremy [...] Read more at ETFtrends.com.
The iShares Genomics Immunology and Healthcare ETF is seeing unusually high volume in afternoon trading Thursday, with over 278,000 shares traded versus three month average volume of about 59,000. Shares of IDNA were off about 2.5% on the day.
In trading on Thursday, the iShares Expanded Tech Sector ETF is outperforming other ETFs, up about 2.1% on the day. Components of that ETF showing particular strength include shares of PTC, up about 16.4% and shares of Meta Platforms, up about 14.3% on the day.