3 Hot ETFs -- 1/6
When I talk about a hot stock or hot ETF I don't mean the most active or the fastest moving I'm talking of the ones that have hit the most frequent new high according to the new high lists on Barchart. Here are the ETFs for today.
VOX - Telecom Services ETF -- an exchange-traded share class of Vanguard Telecommunication Services Index Fund, which employs a passive management or indexing investment approach designed to track the performance of the Morgan Stanley Capital International (MSCI) US Investable Market Telecommunication Services Index, an index of stocks of large, medium, and small U.S. companies in the telecommunication services sector, as classified under the Global Industry Classification Standard (GICS). This GICS sector is made up of companies that provide communications services primarily through a fixed-line, cellular, wireless, high bandwidth, and/or fiber-optic cable network. The fund attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index. The fund also may sample its target index by holding stocks that, in the aggregate, are intended to approximate the index in terms of key characteristics, such as price/earnings ratio, earnings growth, and dividend yield. Typically, the fund will use a sampling strategy only if regulatory constraints or other considerations prevent it from replicating the index.
1 - 72% Barchart technical buy signal
2 - 17 new highs and up 5.37% in the last month
3 - Relative Strength Index us 64.03% and rising
4 - Trades around 66.28 which is above its 50 day moving average of 63.46
PWV -- Dynamic Large Cap Value --The Fund seeks investment results that correspond generally to the price and yield (before the Fund%u2019s fees and expenses) of an equity index called the Dynamic Large Cap Value IntellidexSM Index (the %u201CUnderlying Intellidex%u201D). The Underlying Intellidex methodology is designed to objectively identify those stocks within a particular market segment that have the greatest potential for capital appreciation. The methodology evaluates companies quarterly, based on a variety of criteria, including fundamental growth, stock valuation, investment timeliness and risk factors, and then ranks and sorts them based on their cumulative scores. The Fund will normally invest at least 80% of its total assets in common stocks of large capitalization companies.
1 - 96% Barchart technical buy signal
2 - 17 new highs and up 4.37% in the last month
3 - Relative Strength Index 70.97%
4 - Trading around 18.80 which is well above its 50 day moving average of 18.12
JKF - Morningstar Large Value ETF -- The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Morningstar Large Value Index (the "Underlying Index"). The Underlying Index measures the performance of stocks issued by large- capitalization companies that have exhibited above-average "value" characteristics as determined by Morningstar's proprietary index methodology. Underlying Index constituents are drawn from the pool of liquid stocks issued by U.S.-domiciled companies that trade publicly on the New York Stock Exchange ("NYSE"), the NYSE Amex Equities or The NASDAQ Stock Market LLC
1 - .96% Barchart technical buy signal
2 - 16 new highs and up 5.85% in the last month
3 - Relative Strength Index 76.11% and rising
4 - Trades around 60.61 well above its 50 day moving average of 57.56
Jim Van Meerten is an advisor to Marketocracy Capital Managementwho uses his model portfolios not only to manage their mutual funds but also their clients Separately Managed Accounts. You can read his blogs about those model portfolios and investing here and on Barchart Portfolio Blogs. Please leave a comment below or emailJimVanMeerten@gmail.com.
Disclosure: Jim Van Meerten through Marketocracy Capital Management has an interest in the stocks mentioned in this blog.