We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
Ultra Short-Term Bond ETF (SGOV) Hits New 52-Week High
Read MoreHide Full Article
For investors seeking momentum, iShares 0-3 Month Treasury Bond ETF (SGOV - Free Report) is probably on radar. The fund just hit a 52-week high and is up 0.55% from its 52-week low price of $99.96/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 of where it might be headed:
SGOV in Focus
iShares 0-3 Month Treasury Bond ETF offers exposure to U.S. Treasury bonds with remaining maturities less than or equal to three months. It has an average maturity and an effective duration of 0.09 years each. iShares 0-3 Month Treasury Bond ETF charges 5 bps in annual fees (see: all the Government Bond ETFs here).
Why the Move?
The short-term corner of the Treasury market has been an area to watch lately, given the current stock market turmoil. The banking woes have made investors jittery, compelling them to hoard cash. As such, the appeal for cash-like ETFs has been on the rise as investors seek to mitigate the risk of a decline in the stock market.
More Gains Ahead?
Currently, SGOV has a Zacks ETF Rank #3 (Hold), indicating that some pain might be in store for this product. However, it might continue its strong performance given its weighted alpha of 0.56 and a low 20-day volatility of 1.04%.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Ultra Short-Term Bond ETF (SGOV) Hits New 52-Week High
For investors seeking momentum, iShares 0-3 Month Treasury Bond ETF (SGOV - Free Report) is probably on radar. The fund just hit a 52-week high and is up 0.55% from its 52-week low price of $99.96/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 of where it might be headed:
SGOV in Focus
iShares 0-3 Month Treasury Bond ETF offers exposure to U.S. Treasury bonds with remaining maturities less than or equal to three months. It has an average maturity and an effective duration of 0.09 years each. iShares 0-3 Month Treasury Bond ETF charges 5 bps in annual fees (see: all the Government Bond ETFs here).
Why the Move?
The short-term corner of the Treasury market has been an area to watch lately, given the current stock market turmoil. The banking woes have made investors jittery, compelling them to hoard cash. As such, the appeal for cash-like ETFs has been on the rise as investors seek to mitigate the risk of a decline in the stock market.
More Gains Ahead?
Currently, SGOV has a Zacks ETF Rank #3 (Hold), indicating that some pain might be in store for this product. However, it might continue its strong performance given its weighted alpha of 0.56 and a low 20-day volatility of 1.04%.