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For investors seeking momentum, Cambria Core Equity ETF (CCOR - Free Report) is probably on radar now. The fund just hit a 52-week high, and is up 5.4% from its 52-week low price of $24.00/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:
CCOR in Focus
This is an actively managed ETF that utilizes a combination of several strategies to produce capital appreciation, while reducing risk exposure across market conditions. It provides exposure to high-quality U.S. companies across all industries and sectors that have prospects for long-term returns due to their ability to grow earnings and increase dividends over time. The product charges 1.05% in annual fees from investors (see: all the Large Cap ETFs here).
Why the Move?
The smart-beta space has been an area to watch lately given the heightened volatility and uncertainty regarding the trade war and mid-term election. This is especially true as the smart-beta strategy helps to capture market inefficiencies in a transparent way by adding extra metrics like dividends, volatility, revenue, earnings, momentum, equal weight and other fundamental factors to the market cap or rules-based indices. The strategy provides investors an opportunity to increase portfolio diversification, reduce risk and enhance returns (alpha generation) over time.
More Gains Ahead?
It seems that CCOR might not remain strong given a negative weighted alpha of 0.20% albeit a low 20-day volatility of 9.76%. As a result, there is definitely still some promise for investors who want to ride on this surging ETF a little further.
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Smart Beta ETF (CCOR) Hits New 52-Week High
For investors seeking momentum, Cambria Core Equity ETF (CCOR - Free Report) is probably on radar now. The fund just hit a 52-week high, and is up 5.4% from its 52-week low price of $24.00/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:
CCOR in Focus
This is an actively managed ETF that utilizes a combination of several strategies to produce capital appreciation, while reducing risk exposure across market conditions. It provides exposure to high-quality U.S. companies across all industries and sectors that have prospects for long-term returns due to their ability to grow earnings and increase dividends over time. The product charges 1.05% in annual fees from investors (see: all the Large Cap ETFs here).
Why the Move?
The smart-beta space has been an area to watch lately given the heightened volatility and uncertainty regarding the trade war and mid-term election. This is especially true as the smart-beta strategy helps to capture market inefficiencies in a transparent way by adding extra metrics like dividends, volatility, revenue, earnings, momentum, equal weight and other fundamental factors to the market cap or rules-based indices. The strategy provides investors an opportunity to increase portfolio diversification, reduce risk and enhance returns (alpha generation) over time.
More Gains Ahead?
It seems that CCOR might not remain strong given a negative weighted alpha of 0.20% albeit a low 20-day volatility of 9.76%. As a result, there is definitely still some promise for investors who want to ride on 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 >>