For investors seeking momentum, iShares Edge MSCI USA Quality Factor ETF (QUAL - Free Report) is probably on radar now. The fund just hit a 52-week high and is up nearly 18.7% from its 52-week low price of $65.06/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:
QUAL in Focus
This 125-stock fund looks to track the MSCI USA Sector Neutral Quality Index. The fund charges 15 bps in fees. Information Technology, Financials, Health Care and Consumer Discretionary are the top four sectors of the fund (see all Total Market (U.S.) ETFs here).
Why the Move?
Global stocks turned disorderly in recent trading on renewed North Korea tensions and the declining (apparently) political power of the German chancellor Merkel. Though Merkel won the fourth term, it was a relatively weak victory. Meanwhile, the Fed indicated sooner-than-expected policy tightening. All these kept the broader market edgy and boosted this quality ETF.
More Gains Ahead?
It seems that this fund might stay strong given a positive weighted alpha of 14.40. As a result, there is still some promise for investors who want to ride on this surging ETF.
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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 >>
For investors seeking momentum, iShares Edge MSCI USA Quality Factor ETF (QUAL - Free Report) is probably on radar now. The fund just hit a 52-week high and is up nearly 18.7% from its 52-week low price of $65.06/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:
QUAL in Focus
This 125-stock fund looks to track the MSCI USA Sector Neutral Quality Index. The fund charges 15 bps in fees. Information Technology, Financials, Health Care and Consumer Discretionary are the top four sectors of the fund (see all Total Market (U.S.) ETFs here).
Why the Move?
Global stocks turned disorderly in recent trading on renewed North Korea tensions and the declining (apparently) political power of the German chancellor Merkel. Though Merkel won the fourth term, it was a relatively weak victory. Meanwhile, the Fed indicated sooner-than-expected policy tightening. All these kept the broader market edgy and boosted this quality ETF.
More Gains Ahead?
It seems that this fund might stay strong given a positive weighted alpha of 14.40. As a result, there is still some promise for investors who want to ride on this surging ETF.
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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