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The Zacks Analyst Blog Highlights First Trust Nasdaq Food & Beverage ETF, Invesco Dynamic Food & Beverage ETF, AdvisorShares Restaurant ETF and iShares U.S. Home Construction ETF
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For Immediate Release
Chicago, IL – September 15, 2022 – Zacks.com announces the list of stocks and ETFs featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. ETFs recently featured in the blog include: First Trust Nasdaq Food & Beverage ETF (FTXG - Free Report) , Invesco Dynamic Food & Beverage ETF (PBJ - Free Report) , AdvisorShares Restaurant ETF (EATZ - Free Report) and iShares U.S. Home Construction ETF (ITB - Free Report) .
Here are highlights from Wednesday’s Analyst Blog:
4 ETFs to Gain from Hotter-than-Expected Inflation
Inflation in the United States was higher-than-expected, indicating the Federal Reserve to likely remain aggressive in its monetary tightening campaign to restore price stability. The consumer price index climbed 8.3% year over year in August, down from an 8.5% rise in July but higher than an 8.1% increase, as expected by the analysts.
Inflation also rose 0.1% from July and is still hovering near a 40-year high, dashing investors’ hopes with the possibility that price pressures would weaken, allowing the Fed to slow its pace of interest rate increases in the coming months. The data put ETFs like those listed below in focus.
The data raised the bets for the longer-than-expected aggressive rate hike policy by the Fed. The central bank is expected to raise interest rates by a full percentage point next week. According to CME Group’s FedWatch Tool, investors are pricing an 82% chance of a 0.75% rate hike next week and an 18% chance of a full-percentage-point hike.
ETFs in Focus
First Trust Nasdaq Food & Beverage ETF
First Trust Nasdaq Food & Beverage ETF offers exposure to U.S. companies within the food and beverage industry. It tracks the Nasdaq US Smart Food & Beverage Index, holding 30 securities in its basket, with each accounting for less than 8.1% share (read: 'Shrinkflation' to Save Consumer Staples ETFs).
First Trust Nasdaq Food & Beverage ETF has an AUM of $904.9 million and charges 60 bps of annual fees. It sees an average daily volume of about 113,000 shares and has a Zacks ETF Rank #3 (Hold).
Invesco Dynamic Food & Beverage ETF
Invesco Dynamic Food & Beverage ETF offers exposure to 31 stocks engaged in manufacturing, selling or distributing food and beverage products, agricultural products and products related to the development of new food technologies by tracking the Dynamic Food & Beverage Intellidex Index.
With an AUM of $334.1 million, Invesco Dynamic Food & Beverage ETF charges 63 bps of annual fees from investors and sees a light average daily volume of 82,000 shares. PBJ has a Zacks ETF Rank #3 with a Medium risk outlook.
AdvisorShares Restaurant ETF
AdvisorShares Restaurant ETF is an actively managed and the only ETF investing exclusively in the restaurant and foodservice industry, including restaurants, bars, pubs, fast food, take-out facilities, food catering services and more. AdvisorShares Restaurant ETF holds 27 securities in its basket with a higher concentration on the top firm.
AdvisorShares Restaurant ETF gathered $3 million in its asset base. EATZ charges 99 bps as annual fees and trades in an average daily volume of 1,000 shares.
iShares U.S. Home Construction ETF
iShares U.S. Home Construction ETF provides exposure to U.S. companies that manufactures residential homes by tracking the Dow Jones U.S. Select Home Construction Index. With an AUM of $1.3 billion, it holds a basket of 47 stocks with a heavy concentration on the top two firms (read: Is U.S. In a 'Housing Recession'? ETFs in Focus).
iShares U.S. Home Construction ETF charges 39 bps of annual fees and trades in a heavy volume of around 3 million shares a day on average. iShares U.S. Home Construction ETF has a Zacks ETF Rank #3 with a High-risk outlook.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights First Trust Nasdaq Food & Beverage ETF, Invesco Dynamic Food & Beverage ETF, AdvisorShares Restaurant ETF and iShares U.S. Home Construction ETF
For Immediate Release
Chicago, IL – September 15, 2022 – Zacks.com announces the list of stocks and ETFs featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. ETFs recently featured in the blog include: First Trust Nasdaq Food & Beverage ETF (FTXG - Free Report) , Invesco Dynamic Food & Beverage ETF (PBJ - Free Report) , AdvisorShares Restaurant ETF (EATZ - Free Report) and iShares U.S. Home Construction ETF (ITB - Free Report) .
Here are highlights from Wednesday’s Analyst Blog:
4 ETFs to Gain from Hotter-than-Expected Inflation
Inflation in the United States was higher-than-expected, indicating the Federal Reserve to likely remain aggressive in its monetary tightening campaign to restore price stability. The consumer price index climbed 8.3% year over year in August, down from an 8.5% rise in July but higher than an 8.1% increase, as expected by the analysts.
Inflation also rose 0.1% from July and is still hovering near a 40-year high, dashing investors’ hopes with the possibility that price pressures would weaken, allowing the Fed to slow its pace of interest rate increases in the coming months. The data put ETFs like those listed below in focus.
The data raised the bets for the longer-than-expected aggressive rate hike policy by the Fed. The central bank is expected to raise interest rates by a full percentage point next week. According to CME Group’s FedWatch Tool, investors are pricing an 82% chance of a 0.75% rate hike next week and an 18% chance of a full-percentage-point hike.
ETFs in Focus
First Trust Nasdaq Food & Beverage ETF
First Trust Nasdaq Food & Beverage ETF offers exposure to U.S. companies within the food and beverage industry. It tracks the Nasdaq US Smart Food & Beverage Index, holding 30 securities in its basket, with each accounting for less than 8.1% share (read: 'Shrinkflation' to Save Consumer Staples ETFs).
First Trust Nasdaq Food & Beverage ETF has an AUM of $904.9 million and charges 60 bps of annual fees. It sees an average daily volume of about 113,000 shares and has a Zacks ETF Rank #3 (Hold).
Invesco Dynamic Food & Beverage ETF
Invesco Dynamic Food & Beverage ETF offers exposure to 31 stocks engaged in manufacturing, selling or distributing food and beverage products, agricultural products and products related to the development of new food technologies by tracking the Dynamic Food & Beverage Intellidex Index.
With an AUM of $334.1 million, Invesco Dynamic Food & Beverage ETF charges 63 bps of annual fees from investors and sees a light average daily volume of 82,000 shares. PBJ has a Zacks ETF Rank #3 with a Medium risk outlook.
AdvisorShares Restaurant ETF
AdvisorShares Restaurant ETF is an actively managed and the only ETF investing exclusively in the restaurant and foodservice industry, including restaurants, bars, pubs, fast food, take-out facilities, food catering services and more. AdvisorShares Restaurant ETF holds 27 securities in its basket with a higher concentration on the top firm.
AdvisorShares Restaurant ETF gathered $3 million in its asset base. EATZ charges 99 bps as annual fees and trades in an average daily volume of 1,000 shares.
iShares U.S. Home Construction ETF
iShares U.S. Home Construction ETF provides exposure to U.S. companies that manufactures residential homes by tracking the Dow Jones U.S. Select Home Construction Index. With an AUM of $1.3 billion, it holds a basket of 47 stocks with a heavy concentration on the top two firms (read: Is U.S. In a 'Housing Recession'? ETFs in Focus).
iShares U.S. Home Construction ETF charges 39 bps of annual fees and trades in a heavy volume of around 3 million shares a day on average. iShares U.S. Home Construction ETF has a Zacks ETF Rank #3 with a High-risk outlook.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.