This Week in ETF Reports
There are changes to two iShares models this week. The iShares Tactical Model ISHRTACTICAL removed the iShares NASDAQ Biotech ETF IBB and added the iShares Silver Trust SLV. The iShares Sector Rotation Model also sold the iShares NASDAQ Biotech ETF IBB... (Read more)
First Trust Model Changes: FTRUST & FTFIXINC.TR
This week saw changes to two of the First Trust ETF models on the Nasdaq Dorsey Wright research platform. The first change we will cover came in the First Trust Fixed Income Model, which sold the First Trust TCW Opportunistic Fixed Income ETF FIXD as it fell sufficiently out of favor in the model’s relative strength matrix ranking. The model purchased the First Trust Tactical High Yield ETF HYLS as it was the next ... (Read more)
Invesco Highlight: PRN
There are no changes to any of the Invesco models this week. While Industrials remains in the bottom half of the DALI domestic equity sector rankings, it is the most improved sector over the last 30 days (7/27 - 8/27), as discussed last Friday’s Daily Equity Report. In last week’s trading, the Invesco DWA Industrials Momentum ETF PRN reached a new all-time high at $78 on its default chart. PRN boast a strong 5.30 fund score, 1.03 points better than the average for all industrials funds and has a positive 2.35 fund score direction. Since bottoming in March along with t... (Read more)
