See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF (XRLV) - 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 500 ex-Rate Sensitive Low Volatility ETF (XRLV) - free report >>
Image: Bigstock
Ex-Rate Sensitive Low Volatility ETF (XRLV) Hits New 52-Week High
For investors seeking momentum, Invesco S&P 500 Ex-Rate Sensitive Low Volatility ETF (XRLV - Free Report) is probably on radar now. The fund just hit a 52-week high and is up about 16.9% from its 52-week low price of $31.27/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:
XRLV in Focus
The underlying S&P 500 Low Volatility Rate Response Index is composed of the 100 constituents of S&P 500 Index that exhibit both low volatility and interest rate risk. Financials, Information Technology, Industrials and HealthCare have a double-digit exposure each. The fund charges 25 bps in fees (see: all large-cap ETFs here).
Why the Move?
Though the U.S. market has been in great shape lately, demand for this low-volatility ETF has not diminished. Since overvaluation in the equity market and chances of a Fed rate hike this month may cause considerable volatility, rally in low volatility and an ex-rate sensitive funds like XRLV is understandable.
More Gains Ahead?
The fund has a positive weighted alpha of 26.50. A positive weighted alpha hints at more gains. As a result, there is definitely still some promise for investors who want to ride on this surging ETF.
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 >>