The NRG Energy Earnings Beat Lifts Utilities ETFs March 1, 2021
Utilities sector-related exchange traded funds lit up after NRG Energy (NYSE: NRG) revealed better-than-expected fourth-quarter results and claimed it was able to shake off the financial setback from the cold storm in Texas.
On Monday, the
Utilities Select Sector SPDR (NYSEArca: XLU), the largest utilities sector-related ETF, advanced 3.1%. The three funds were testing their long-term support at the 200-day simple moving average.
NRG Energy shares jumped 14.2% on Monday. NRG makes up 4.6% of FXU’s underlying portfolio, 4.4% of RYU, and 3.3% of XLU.
NRG reported fourth-quarter earnings of $2.10 per share, up from $1.27 in the year-earlier quarter, TheStreet reports. In comparison, analysts surveyed by FactSet predicted earnings of 45 cents per share.
March 1, 2021
Cannabis related ETFs have been on fire recently, and their outperformance has continued to start the month of March.
Last week the
AdvisorShares Pure US Cannabis ETF (MSOS) announced it had gathered over $1 billion in assets. The fund was up 2.2% Monday morning amid the news.
The AdvisorShares ETF is the first of its kind to focus on U.S. cannabis equities. That’s beneficial seeing that the U.S. is the fastest-growing marijuana market in the world.
“When it launched on September 2, 2020, the actively managed MSOS became the first U.S.-listed ETF focused solely on American cannabis companies, including multi-state operators (MSOs),” according to AdvisorShares. “MSOs are U.S. companies directly involved in the legal production and distribution of cannabis in states where approved. This ETF with its apt ticker seeks long-term capital appreciation by investing entirely in legal, domestic cannabis equity securities. Its domestic equity strategy allows MSOS
March 1, 2021
With Bitcoin and other cryptocurrencies captivating investors, talk is again increasing about the prospects for a Bitcoin exchange traded fund.
Multiple bitcoin ETFs recently debuted in Canada, and related exchange-traded products have existed in Europe for some time.
“As investor fascination with the digital asset market continues to rise, investors have been looking to the US as the next potential market for ETFs that track digital assets,” according to FTSE Russell research. “And speculation has only increased in recent weeks with the first bitcoin ETF launch in Canada joining crypto ETP listings in Germany and Switzerland, as well as the continued popularity of the Grayscale investment trusts tracking this market.”
March 1, 2021
On Monday, Rosemont, IL-based asset manager TrueMark Investments today launched MARZ, the ninth ETF in the True-Shares structured outcome product suite.
The TrueShares Structured Outcome ETF (MARZ) is sub-advised by SpiderRock Advisors, a Chicago-based asset management firm specializing in option overlay strategies.
The fund seeks to provide investors with structured outcome exposure to the S&P 500 Price Index. TrueMark believes its structured outcome ETF suite is the first of its kind to offer built-in downside buffers with uncapped upside participation.
MARZ’s structure allows for the potential of an asymmetric return profile. The fund seeks to provide investors with returns (before fees and expenses) that track the S&P 500 Price Index while seeking to provide a buffer of 8-12% on that index’s losses over the fund’s one-year investment period. In practice, the fund adviser will target the buffer at 10% of index declines over the investment period followin