For investors seeking momentum, Invesco DWA Tactical Multi-Asset Income ETF is probably on radar. The fund just hit a 52-week high, and is up 9.4% from its 52-week low price of $23.51 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:
DWIN in Focus
This fund invests in both fixed income and equity income ETFs including those holding investment-grade and high-yield bonds, fixed-rate preferred shares, dividend-paying equities, U.S. Treasuries, MLPs and real estate investment trusts. It rotates between income-oriented segments, depending on market momentum as well as yield criteria. The fund charges 61 bps in fees and it yields about 5.71% annually.
Why the Move?
Since markets have been volatile lately and there was a bloodbath in the global market at the start of August owing mainly to renewed U.S.-China trade tensions and China’s yuan devaluation, this defensive ETF gained strength. The high-yield nature of the fund makes it an attractive buy in the current low-volatility environment.
More Gains Ahead?
The fund has a positive weighted alpha of 3.40. So, there is definitely still some promise for those who want to ride on this surging ETF a little longer, especially if uncertainty prevails.
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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, Invesco DWA Tactical Multi-Asset Income ETF is probably on radar. The fund just hit a 52-week high, and is up 9.4% from its 52-week low price of $23.51 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:
DWIN in Focus
This fund invests in both fixed income and equity income ETFs including those holding investment-grade and high-yield bonds, fixed-rate preferred shares, dividend-paying equities, U.S. Treasuries, MLPs and real estate investment trusts. It rotates between income-oriented segments, depending on market momentum as well as yield criteria. The fund charges 61 bps in fees and it yields about 5.71% annually.
Why the Move?
Since markets have been volatile lately and there was a bloodbath in the global market at the start of August owing mainly to renewed U.S.-China trade tensions and China’s yuan devaluation, this defensive ETF gained strength. The high-yield nature of the fund makes it an attractive buy in the current low-volatility environment.
More Gains Ahead?
The fund has a positive weighted alpha of 3.40. So, there is definitely still some promise for those who want to ride on this surging ETF a little longer, especially if uncertainty prevails.
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 >>