U.S. markets and stock exchange traded funds gained Wednesday with the Dow Jones Industrial Average and S&P 500 hitting record highs as investors shifted to cyclical and economically sensitive sectors on bets that the Democratic party’s win in the Georgia runoff could lead to more fiscal spending. On Wednesday, the Invesco QQQ Trust (NASDAQ: QQQ) fell [...] Read more at ETFtrends.com.
Solar stocks and sector-related exchange traded fund surged Wednesday on bets that the Democrat sweep in the Georgia Senate runoff election could help promote more aggressive green spending. The Invesco Solar ETF (NYSEArca: TAN) was among the best performing non-leveraged ETFs of Wednesday, rising 9.8%. Election results in Georgia showed Democrat Raphael Warnock taking over incumbent [...] Read more at ETFtrends.com.
The notorious cryptocurrency, Bitcoin, surged on Wednesday to nail a fresh all-time high, even as rampant volatility continued. The price of the crypto rocketed above $35,000 Tuesday night, reaching an intraday high of $35,821, according to data from Coin Metrics. It subsequently fell back below the $35,000 level, mitigating gains slightly, Wednesday morning, but has [...] Read more at ETFtrends.com.
Stocks and index ETFs are gaining for a second consecutive day Wednesday as investors vigilantly monitor the two runoff elections in Georgia that will establish control of the Senate. The Dow Jones Industrial Average rallied 1.7%, pegging an all-time intraday high, while the S&P 500 popped 1.1% to notch a record as well. The Nasdaq [...] Read more at ETFtrends.com.
One of the clearest trends to emerge in the world of exchange traded funds last year was the stellar performances delivered by renewable energy funds, such as the ALPS Clean Energy ETF (ACES). ACES follows the CIBC Atlas Clean Energy Index. That benchmark is comprised of U.S.- and Canada-based companies that primarily operate in the clean energy sector. Constituents are companies [...] Read more at ETFtrends.com.
The year 2020 was challenging, but a combination of fiscal and monetary stimulus resulted in a strong stock market performance that did not fully reflect the pain felt in many sectors. It was a particularly good year for the ETF industry
Professor Jeremy Siegel, WisdomTree’s Senior Investment Strategy Advisor and Professor of Finance at The Wharton School of the University of Pennsylvania, and the exchange traded funds issuer collaborated on a pair of model portfolios that recently turned a year old. The Siegel-WisdomTree Longevity and the Siegel-WisdomTree Global Equity Model Portfolios are designed to breathe new [...] Read more at ETFtrends.com.
Up over 60% within the past year, for ETF investors who want to drive their way to more gains, there’s the Global X Autonomous & Electric Vehicles ETF (DRIV). It’s a disruptive space that continues to evolve and innovate within the automotive sector. DRIV seeks to invest in companies involved in the development of autonomous [...] Read more at ETFtrends.com.
We know that at some point, things will return to normal, but that point is fully priced into stocks, even though it still looks some way off. The answer may be to look for other places where the recovery lagged by comparison.
Tesla Motors reported better-than-expected deliveries for the fourth quarter 2020 with the company delivering a record 180,570 vehicles. This is good news for the iShares U.S. Consumer Goods ETF (IYK) since it’s the fund’s top holding. IYK seeks to track the investment results of the Dow Jones U.S. Consumer Goods Index composed of U.S. equities in [...] Read more at ETFtrends.com.
One way to tell whether the economy is starting to move again, literally, is to look at the transportation sector. In particular, one fund that could benefit from a healing economy is the Direxion Daily Transportation Bull 3X Shares (TPOR). TPOR seeks daily investment results equal to 300 percent of the daily performance of the [...] Read more at ETFtrends.com.
With the arrival of a new year comes an ideal time for retirement planners and retirees to update portfolios and assess income streams. The Nationwide Risk-Managed Income ETF (NYSEArca: NUSI) should be part of those conversations. NUSI can act as a complement to traditional equity and fixed income allocations or as the ideal protective hedge [...] Read more at ETFtrends.com.
The U.S. market was in great shape as 2020 came to a close thanks mainly to massive global policy easing and vaccine rollouts. The S&P 500, the Nasdaq and the Dow Jones were hovering around their all-time highs as the Santa rally charged up Wall Street.
Technology stocks and the related exchange traded funds soared last yea and investors could be in for more of the same this year, particularly as recent cybersecurity vulnerabilities come to light. That scenario could be a catalyst for the First Trust NASDAQ Cybersecurity ETF (NYSEArca: CIBR). CIBR seeks investment results that generally correspond to the [...] Read more at ETFtrends.com.
The ARK Industrial Innovation ETF (NYSEArca: ARKQ) is one of the more versatile exchange traded funds in the disruptive/innovative landscape and it’s often known for its large weight to Tesla. Of course, that trait is favorable and it appears as though that will remain the case this year. The actively managed ARKQ invests in companies [...] Read more at ETFtrends.com.
The world’s most popular cryptocurrency, bitcoin, quadrupled in 2020. The year 2021 continues to impress investors as this blockchain technology-backed cryptocurrency rose as much as 6% to $35,842, breaking above the previous high of $34,792 witnessed on Jan 3. Notably, the sur
The SPDR— S&P— Global Natural Resources ETF is seeing unusually high volume in afternoon trading Wednesday, with over 1.9 million shares traded versus three month average volume of about 158,000. Shares of GNR were up about 2.8% on the day.
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the ProShares UltraPro Short S&P500, where 4,050,000 units were destroyed, or a 3.7% decrease week over week.
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the The Energy Select Sector SPDR Fund, which added 8,750,000 units, or a 2.5% increase week over week. Among the largest underlying components of XL