Investors seeking momentum may have iShares U.S. Financials ETF (IYF - Free Report) on radar now. The fund recently hit a new 52-week high. Shares of IYF are up approximately 24.17% from their 52-week low of $88.20/share.
But could there be more gains ahead for this ETF? Let’s take a look at the fund and the near-term outlook to get a better idea of where it might be headed.
IYF in Focus
IYF focuses on providing exposure to the U.S. financial sector. The fund has a large cap focus. It charges 44 basis points in fees per year and has top holdings in Berkshire Hathaway Inc Class B, JP Morgan Chase & Co and Bank of America Corp with 7.01%, 6.77% and 5.00% allocation, respectively (as of August 3, 2017) (see all Financials ETFs here).
Why the Move?
The U.S. financial sector has been in the spotlight recently. There is increased optimism in the sector, owing to better-than-expected earnings. Moreover, hopes of deregulation of banks have increased. Talks of amending the Volcker rule, which bans banks from speculating with their capital, have surfaced. This has increased investor optimism for less stringent rules on Wall Street.
More Gains Ahead?
Currently, IYF has a Zacks ETF Rank #2 (Buy) with a Medium Risk outlook. Moreover, the ETF has a weighted alpha of 22.08 and a low 14-day standard deviation of 6.54%. So, there is a promising outlook ahead for those who want to ride this surging ETF a little further.
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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 >>
Investors seeking momentum may have iShares U.S. Financials ETF (IYF - Free Report) on radar now. The fund recently hit a new 52-week high. Shares of IYF are up approximately 24.17% from their 52-week low of $88.20/share.
But could there be more gains ahead for this ETF? Let’s take a look at the fund and the near-term outlook to get a better idea of where it might be headed.
IYF in Focus
IYF focuses on providing exposure to the U.S. financial sector. The fund has a large cap focus. It charges 44 basis points in fees per year and has top holdings in Berkshire Hathaway Inc Class B, JP Morgan Chase & Co and Bank of America Corp with 7.01%, 6.77% and 5.00% allocation, respectively (as of August 3, 2017) (see all Financials ETFs here).
Why the Move?
The U.S. financial sector has been in the spotlight recently. There is increased optimism in the sector, owing to better-than-expected earnings. Moreover, hopes of deregulation of banks have increased. Talks of amending the Volcker rule, which bans banks from speculating with their capital, have surfaced. This has increased investor optimism for less stringent rules on Wall Street.
More Gains Ahead?
Currently, IYF has a Zacks ETF Rank #2 (Buy) with a Medium Risk outlook. Moreover, the ETF has a weighted alpha of 22.08 and a low 14-day standard deviation of 6.54%. So, there is a promising outlook ahead for those who want to ride 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 >>
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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