Nasdaq ETFs

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

While the night effect can be clearly seen in both small- and large-cap stocks, it has historically been far more pronounced in small-cap returns. Over the past 20 years (2003 through 2022), 100% of the returns generated by the iShares Russell 2000 ETF (IWM) have come at night. This phenomenon is referred to as the night effect, [...] Read more at ETFtrends.com.

Municipal bonds posted strong total returns in Q1 amid the collapse of Silicon Valley Bank and the subsequent banking crisis driving investors to seek quality, stable assets. In Q1, the Bloomberg Municipal Bond Index and the Bloomberg High Yield Municipal Bond Index returned 2.78% and 2.73%, respectively. Bond yields also increased after economic data released [...] Read more at ETFtrends.com.

As of Friday’s close, the S&P 500 has now gone 21 consecutive trading days without an “outlier day” (trading day beyond +/-1.50%).  This marks the longest streak of consecutive days without an outlier since November 2021.  The market is trading more efficiently and rationally than it has in the last 18 months.  An outlier or [...] Read more at ETFtrends.com.

Direct indexing has been an option for ultra-high-net-worth investors for some time now. But interest in this investment option has surged in recent years, as many now see it as a way to reduce their taxes or customize their portfolios. A white paper issued by Morningstar notes that advancements in trading technology have also increased [...] Read more at ETFtrends.com.

Seven of eight indexes on our world watch list posted gains through April 24, 2023. France’s CAC 40 finished in the top spot with a YTD gain of 16.99%. Germany’s DAXK finished second with a YTD gain of 13.36%, and Tokyo’s Nikkei 225 moved into third with a YTD gain of 9.58%. India’s BSE SENSEX finished last with [...] Read more at ETFtrends.com.

VettaFi’s Associate Director of Research, Roxanna Islam, joined the Active Investment Company Alliance’s The NAVigator podcast and host Chuck Jaffe to talk ETFs, and specifically, buying closed-end funds in the ETF wrapper. The ETF wrapper comes with all sorts of built-in advantages for investors and advisors that have been especially relevant in tax season, but [...] Read more at ETFtrends.com.

Demand for active ETFs is on the rise, with fund managers expecting adoption to grow, according to a survey from PwC. After surveying more than 70 executives (primarily ETF managers) in Q1, PwC found that respondents expect demand for active ETFs to increase over the next few years, with 74% of U.S.-based ETF managers expecting [...] Read more at ETFtrends.com.

In trading on Monday, shares of the ARK Next Generation Internet ETF (Symbol: ARKW) crossed below their 200 day moving average of $49.00, changing hands as low as $48.36 per share. ARK Next Generation Internet shares are currently trading down about 1.7% on the day. The chart

While last month’s banking crisis seems to have stabilized, the effects of the extraordinary event are likely to have long-term implications. March madness this year brought three banking failures: Silvergate Bank, Signature Bank, and Silicon Valley Bank, which all collapsed within a week of each other, sending shockwaves through the entire banking system and broader [...] Read more at ETFtrends.com.

In a somewhat surprising turn, biotech and life sciences-focused ETFs were the driving themes in the last week’s top-performing ETFs, with the ALPS Medical Breakthroughs ETF (SBIO) leading the way with a 10% return. The biotech ETF tracks the S-Network Medical Breakthroughs Index for a 50 basis point (bps) fee and is approaching its 10th [...] Read more at ETFtrends.com.

Once and a while, it’s worth taking a deep dive into why a particular ETF may be rising above the others, whether that’s based on performance, volume, or as in this case, AUM. Franklin Templeton’s Japan ETF, the Franklin FTSE Japan ETF (FLJP) hit over $1 billion in AUM over the last month, not only [...] Read more at ETFtrends.com.

The iShares Dow Jones U.S. ETF is seeing unusually high volume in afternoon trading Monday, with over 140,000 shares traded versus three month average volume of about 36,000. Shares of IYY were down about 0.2% on the day. Components of that ETF with the highest volume on Monda

So far, dividends and current income have been a very popular theme in 2023. Income offers an added cushion for investors facing some chop, whether from the banking crisis or from the ins and outs of Fed watching. That may build the case to watch the performance of a dividend value ETF, with the ALPS [...] Read more at ETFtrends.com.

BondBloxx Investment Management announced that it has exceeded $1 billion in assets under management. The fixed income specialist reached this milestone one year after listing its first ETFs on the New York Stock Exchange. In a news release, BondBloxx co-founder Leland Clemons expressed his excitement over the company rapidly surpassing $1 billion in AUM this [...] Read more at ETFtrends.com.

In trading on Monday, the Oil Services ETF is outperforming other ETFs, up about 2% on the day. Components of that ETF showing particular strength include shares of Nextier Oilfield Solutions, up about 4.7% and shares of Technipfmc, up about 4.2% on the day.

2022 was a tough year for equities. While the situation may have improved this year, Nuveen’s head of capital markets and managing director Briton Ryan pointed out at Exchange 2023 that “a lot of the headwinds we were facing in 2022 are still relevant today.” This includes high inflation, a tight monetary policy from the [...] Read more at ETFtrends.com.

In trading on Monday, shares of the Invesco Treasury Collateral ETF (Symbol: CLTL) crossed below their 200 day moving average of $105.46, changing hands as low as $105.40 per share. Invesco Treasury Collateral shares are currently trading down about 0.3% on the day. The chart

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 Silver Trust, where 7,500,000 units were destroyed, or a 1.5% 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 iShares iBoxx $ High Yield Corporate Bond ETF, which added 22,500,000 units, or a 12.4% increase week over week.