See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Invesco S&P SmallCap Consumer Staples ETF (PSCC) - free report >>
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
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.
Invesco S&P SmallCap Consumer Staples ETF (PSCC) - free report >>
Image: Bigstock
Consumer Staples ETF (PSCC) Hits New 52-Week High
For investors seeking momentum, PowerShares S&P SmallCap Consumer Staples ETF (PSCC - Free Report) is probably on radar now. The fund just hit a 52-week high and is up over 38.3% from its 52-week low price of $50.23/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:
PSCC in Focus
PSCC focuses on the consumer staples segment of the U.S. market. The fund has a small-cap focus with key holdings in food products and retailing while household products, and personal products also get a double-digit allocation each. It charges investors 29 basis points a year in fees and is heavily concentrated on the top three holdings – B&G Foods, Darling Ingredients and J&J Snack Foods Corp (see: all the Consumer Staples ETFs here).
Why the Move?
The consumer staples sector has been an area to watch lately as the U.S. economy has been gaining momentum. Greater spending along with a solid labor market is creating a great situation for those in the consumer segment.
Investors should note that consumer confidence jumped to a nine-year high in November which should bode well for consumer stocks. Also, U.S. small-cap stocks have emerged as winners following Trump’s victory on hopes of fiscal reflation.
More Gains Ahead?
It seems that PSCC might continue with its strength given a positive weighted alpha of 27.90. Since a positive weighted alpha hints at more gains, there is definitely still some promise for investors who want to ride 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 >>