For investors seeking momentum, IQ US Real Estate Small Cap ETF (ROOF - Free Report) is probably on radar now. The fund just hit a 52-week high, and is up over 33.3% from its 52-week low price of $20.69 per 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:
ROOF in Focus
ROOF focuses on the real estate segment of the U.S. market. The fund has a small cap focus and charges investors 69 basis points a year in fees and has top holdings in First Industrial Realty Trust, Education Realty Trust and Brandywine Realty Trust (see all Real Estate ETFs here).
Why the Move?
As long-term U.S. Treasury yields are toying with record-low levels and the economy is gathering steam, this could be the right time to play a real estate ETF with a small-cap focus. Investors should note that real-estate ETFs are rate-sensitive and perform well in a low-rate environment.
The U.S. benchmark Treasury yields fell below 1.50% on July 13, 2016, pushing the drive for higher income. As a result, juicy yields over 5% offered by this small-cap real estate ETF attract investors to this product.
More Gains Ahead?
ROOF has a Zacks ETF Rank #2 (Buy) with a Medium risk outlook. Also, the fund has a positive weighted alpha of 11.70. Since a positive weighted alpha hints at more gains, it seems that this fund can be exercised a little further.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
For investors seeking momentum, IQ US Real Estate Small Cap ETF (ROOF - Free Report) is probably on radar now. The fund just hit a 52-week high, and is up over 33.3% from its 52-week low price of $20.69 per 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:
ROOF in Focus
ROOF focuses on the real estate segment of the U.S. market. The fund has a small cap focus and charges investors 69 basis points a year in fees and has top holdings in First Industrial Realty Trust, Education Realty Trust and Brandywine Realty Trust (see all Real Estate ETFs here).
Why the Move?
As long-term U.S. Treasury yields are toying with record-low levels and the economy is gathering steam, this could be the right time to play a real estate ETF with a small-cap focus. Investors should note that real-estate ETFs are rate-sensitive and perform well in a low-rate environment.
The U.S. benchmark Treasury yields fell below 1.50% on July 13, 2016, pushing the drive for higher income. As a result, juicy yields over 5% offered by this small-cap real estate ETF attract investors to this product.
More Gains Ahead?
ROOF has a Zacks ETF Rank #2 (Buy) with a Medium risk outlook. Also, the fund has a positive weighted alpha of 11.70. Since a positive weighted alpha hints at more gains, it seems that this fund can be exercised a little further.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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