We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
For investors seeking momentum, Invesco Dynamic Media ETF is probably on radar now. The fund just hit a 52-week high and is up about 23.1% from its 52-week low price of $26.87/share.
But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea on where it might be headed:
PBS in Focus
PBS provides exposure to media stocks under one roof. It seeks to offer capital appreciation by investing in companies that are selected on a variety of investment merit criteria, including price momentum, earnings momentum, quality, management action and value by tracking the Dynamic Media Intellidex Index. It charges investors 63 bps a year in fees (see: all the Consumer Discretionary ETFs here).
Why the Move?
The media corner of the broad consumer discretionary space has been an area to watch lately given the regulatory approval for AT&T’s (T - Free Report) $85.4 billion purchase of Time Warner that has paved the way for a merger frenzy, especially in the telecom and media industry. This is especially true as Comcast (CMCSA - Free Report) has made a bid worth $65 billion or $35 per share to acquire the film production and studio assets of Twenty-First Century Fox (FOXA - Free Report) . The move resulted in a bidding war with The Walt Disney Company (DIS - Free Report) , which had struck a deal in November to acquire the same assets for $52.4 billion in an all-stock deal. This led to a surge in the media ETF.
More Gains Ahead?
Currently, PBS has a Zacks ETF Rank #3 (Hold) with a Medium risk outlook. Therefore, it is hard to get a handle on its future returns in one way or the other. However, many of the segments that make up this ETF have a strong Zacks Industry Rank, so there is definitely still some promise for those who want to ride on this surging ETF a little further.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Media ETF (PBS) Hits New 52-Week High
For investors seeking momentum, Invesco Dynamic Media ETF is probably on radar now. The fund just hit a 52-week high and is up about 23.1% from its 52-week low price of $26.87/share.
But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea on where it might be headed:
PBS in Focus
PBS provides exposure to media stocks under one roof. It seeks to offer capital appreciation by investing in companies that are selected on a variety of investment merit criteria, including price momentum, earnings momentum, quality, management action and value by tracking the Dynamic Media Intellidex Index. It charges investors 63 bps a year in fees (see: all the Consumer Discretionary ETFs here).
Why the Move?
The media corner of the broad consumer discretionary space has been an area to watch lately given the regulatory approval for AT&T’s (T - Free Report) $85.4 billion purchase of Time Warner that has paved the way for a merger frenzy, especially in the telecom and media industry. This is especially true as Comcast (CMCSA - Free Report) has made a bid worth $65 billion or $35 per share to acquire the film production and studio assets of Twenty-First Century Fox (FOXA - Free Report) . The move resulted in a bidding war with The Walt Disney Company (DIS - Free Report) , which had struck a deal in November to acquire the same assets for $52.4 billion in an all-stock deal. This led to a surge in the media ETF.
More Gains Ahead?
Currently, PBS has a Zacks ETF Rank #3 (Hold) with a Medium risk outlook. Therefore, it is hard to get a handle on its future returns in one way or the other. However, many of the segments that make up this ETF have a strong Zacks Industry Rank, so there is definitely still some promise for those who want to ride on this surging ETF a little further.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>