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 QQQ, where 11,300,000 units were destroyed, or a 2.5% decrease week over week. Among the largest underlying components
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the SPDR S&P 500 ETF Trust, which added 9,150,000 units, or a 1.0% increase week over week. Among the largest underlying components of SPY, in mo
In trading on Friday, shares of the SPDR Portfolio S&P 400 Mid Cap ETF (Symbol: SPMD) crossed above their 200 day moving average of $43.31, changing hands as high as $43.42 per share. SPDR Portfolio S&P 400 Mid Cap shares are currently trading up about 1.9% on the day.
In trading on Friday, shares of the WisdomTree U.S. LargeCap Dividend Fund ETF (Symbol: DLN) crossed above their 200 day moving average of $61.41, changing hands as high as $61.42 per share. WisdomTree U.S. LargeCap Dividend Fund shares are currently trading up about 1.1% on t
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares National Muni Bond ETF (Symbol: MUB) where we have detected an approximate $233.7 million dollar inflow -- that's a 0.7% increase week over
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Russell 1000 ETF (Symbol: IWB) where we have detected an approximate $150.3 million dollar inflow -- that's a 0.5% increase week over week i
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Broad USD High Yield Corporate Bond ETF (Symbol: USHY) where we have detected an approximate $120.3 million dollar outflow -- that's a 1.4%
Commodities face several headwinds as a U.S. recession looms over the second half of the year. Broad commodities are down year-to-date but California’s carbon allowances are up, and the KraneShares California Carbon Allowance ETF (KCCA) offers exposure. Oil and natural gas prices continue to fall in the U.S. as stockpiles grow. Wheat, copper, and a number [...]
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Currency-hedged ETFs are gathering notable investor interest right now, and the WisdomTree Japan Hedged Equity Fund (DXJ) is no exception. The strategy is approaching $2 billion in overall AUM, with just over $50 million left to go before reaching that milestone. DXJ has added nearly $250 million in just the last month, so what’s behind [...]
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Market volatility persists this year as risk grows from several sources. Given market uncertainty and looming recession, there is an opportunity within equities with the Nationwide suite of ETFs. The economy has proven to be remarkably resilient in the face of aggressive Fed rate hikes. However, tightening bank lending and high interest rates will likely [...]
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Exchange 2024 is officially open for advisor registration. The financial services conference, built for advisors by advisors, will have its third iteration on February 11 through February 14. The conference will take place at the Fontainebleau in Miami Beach. Advisors can get a special early bird registration price of $99 now through June 9. Blueprint for [...]
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Investors have plenty of tools to tackle market upheaval, but few compare to the power of a well-managed active ETF. Active ETFs have come a long way since the ETF rule dropped in 2019, taking strides this year, too. For investors considering an allocation, consider three keys to active ETF investing that have emerged so [...]
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Is the fast-moving market moving too fast? Technology stocks generally hate higher interest rates. Tech companies often need ongoing access to lots of capital to fund their operations—and higher rates mean higher borrowing costs for those businesses, of course. Then there’s the oft-repeated advice that investors shouldn’t “fight the Fed”—meaning the time to pile into [...]
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Astoria Portfolio Advisor’s Founder and CIO, John Davi, was featured on CNBC to discuss 2023 ETF flows and artificial intelligence. He was asked why large-cap ETFs have seen outflows this year and if AI is a sustainable long-term bet in the ETF market. Click here to watch the interview Best, Astoria Portfolio Advisors For more [...]
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The annual “618 sales event” in China put on by JD.com (JD) is off to a strong start this year. The increase in sales over last year showcases China’s buyer recovery potential, though that recovery has been slower and choppier than anticipated. JD.com hosts the shopping festival each summer and reported that 23% more brands [...]
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By J. Keith Buchanan, CFA, Senior Portfolio Manager Last month, SpaceX launched the most powerful rocket to date from a launchpad in South Padre Island, Texas. This marked the first test flight of the Starship spacecraft atop the Super Heavy rocket booster. About two minutes and 24 miles above ground, the vehicle exploded in midair [...]
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Allianz Investment Management launched its latest series of Buffered ETFs. The June Buffered ETFs series includes two 12-month outcome period ETFs: AllianzIM U.S. Large Cap Buffer10 Jun ETF (NYSE Arca: JUNT) and the AllianzIM U.S. Large Cap Buffer20 Jun ETF (NYSE Arca: JUNW). Investors are struggling to navigate today’s volatile markets. AllianzIM Buffered ETFs can [...]
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By Michael ContopoulosDirector of Fixed Income A quick PSA from RBA: Beware of the coming credit crunch. The key goal of tightening monetary policy is to reduce the flow of credit. It is also important to note that the weakest links always default first. This cycle is so far no different. Small, private, and flawed [...]
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A multifactor ETF is a solution for advisors looking to mitigate volatility and take smarter risk in client portfolios. Uncertainty around sticky inflation, Fed rate hikes, and the possibility of a recession has weighed on markets. The expected volatility ahead has kept many investors on the sidelines; however, a multifactor ETF offers a more balanced [...]
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High beta was a leader among factor indexes in May, lifted by its heavy tilt toward the information technology sector. Uncertainty weighed heavily on U.S. markets in May. Stubborn inflation, rate hikes by the Fed, and the outcome of the debt ceiling debacle affected major indexes. The S&P 500 gained just 0.4% during the month, while [...]
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