Blockchain Adoption in Healthcare Could Spur These ETFs
The healthcare sector is slowly, but surely adopting blockchain technology as part of its core operations, leading to investment opportunities in the Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC) and the Invesco S&P SmallCap Health Care ETF (PSCH). According to a Market.
Should Invesco S&P 500 GARP ETF Be on Your Investing Radar?
The The fund is sponsored by Invesco. It has amassed assets over $4.98 billion, making it one of the larger ETFs attempting to match the Large Cap Growth segment of the US equity market. Large cap companies usually have a market capitalization above $10 billion. Considered a more stable option, large cap companies boast more predictable cash flows and are less volatile than their mid and small cap counterparts. Growth stocks have higher than average sales and earnings growth rates. While these are expected to grow faster than the broader market, they also have higher valuations. Something to keep in mind is the higher level of volatility that is affiliated with growth stocks. Even though growth stocks are more likely to outperform their value counterparts in strong bull markets, value stocks have a record of delivering better returns in almost all markets than growth stocks. Expense ratios are an important factor in the return of an ETF and in the long term, cheaper funds can significantly outperform their more expensive counterparts, other things remaining the same. Annual operating expenses for this ETF are 0.34%, putting it on par with most peer products in the space. It has a 12-month trailing dividend yield of 1.28%. While ETFs offer diversified exposure, which minimizes single stock risk, a deep look into a fund's holdings is a valuable exercise. And, most ETFs are very transparent products that disclose their holdings on a daily basis. This ETF has heaviest allocation to the Energy sector--about 24.80% of the portfolio. Information Technology and Materials round out the top three. Looking at individual holdings, The top 10 holdings account for about 20.39% of total assets under management. SPGP seeks to match the performance of the S&P 500 GROWTH AT A REASONABLE PRICE IDX before fees and expenses. The S&P 500 Growth at a Reasonable Price Index is composed of securities with strong growth characteristics selected from the Russell Top 200 Index. The ETF has added roughly 7.06% so far this year and is up about 24.48% in the last one year (as of 05/20/2024). In the past 52-week period, it has traded between $84.30 and $106.72. The ETF has a beta of 1.10 and standard deviation of 17.94% for the trailing three-year period. With about 77 holdings, it effectively diversifies company-specific risk. Invesco S&P 500 GARP ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors. Thus, SPGP is a good option for those seeking exposure to the Style Box - Large Cap Growth area of the market. Investors might also want to consider some other ETF options in the space. The Retail and institutional investors increasingly turn to passively managed ETFs because they offer low costs, transparency, flexibility, and tax efficiency; these kind of funds are also excellent vehicles for long term investors. To read this article on Zacks.com click here.
Invesco Ltd. (NYSE:IVZ) Shares Sold by Natixis Advisors L.P.
Natixis Advisors L.P. lowered its stake in Invesco Ltd. (NYSE:IVZ – Free Report) by 19.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,849 shares of the asset manager’s stock after selling 3,939 shares during the quarter. Natixis Advisors L.P.’s holdings in Invesco were worth $282,000 as of its most recent filing with the SEC. A number of other large investors have also modified their holdings of the stock. Raymond James & Associates grew its stake in Invesco by 4.5% during the 3rd quarter. Raymond James & Associates now owns 65,917 shares of the asset manager’s stock valued at $957,000 after purchasing an additional 2,846 shares in the last quarter. Panagora Asset Management Inc. acquired a new stake in Invesco during the 3rd quarter valued at approximately $264,000. New Mexico Educational Retirement Board grew its stake in Invesco by 7.7% during the 3rd quarter. New Mexico Educational Retirement Board now owns 23,814 shares of the asset manager’s stock valued at $346,000 after purchasing an additional 1,700 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in Invesco by 9.7% during the 3rd quarter. Daiwa Securities Group Inc. now owns 30,993 shares of the asset manager’s stock valued at $450,000 after purchasing an additional 2,746 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in Invesco by 6.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 166,790 shares of the asset manager’s stock valued at $2,422,000 after purchasing an additional 9,800 shares in the last quarter. Institutional investors and hedge funds own 66.09% of the company’s stock. Invesco Trading Down 0.6 % Shares of NYSE IVZ opened at $16.00 on Monday. The company has a market cap of $7.20 billion, a price-to-earnings ratio of -21.33, a price-to-earnings-growth ratio of 1.22 and a beta of 1.45. Invesco Ltd. has a 12-month low of $12.48 and a 12-month high of $18.71. The company has a current ratio of 6.89, a quick ratio of 6.89 and a debt-to-equity ratio of 0.77. The stock’s 50 day simple moving average is $15.60 and its 200 day simple moving average is $15.70. Invesco (NYSE:IVZ – Get Free Report) last announced its earnings results on Tuesday, April 23rd. The asset manager reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.07). The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.08 billion. Invesco had a negative net margin of 1.74% and a positive return on equity of 7.84%. The firm’s revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.38 EPS. Equities research analysts expect that Invesco Ltd. will post 1.64 EPS for the current year. Invesco Increases Dividend The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 14th will be paid a dividend of $0.205 per share. The ex-dividend date is Monday, May 13th. This represents a $0.82 annualized dividend and a yield of 5.13%. This is an increase from Invesco’s previous quarterly dividend of $0.20. Invesco’s payout ratio is presently -109.33%. Wall Street Analyst Weigh In IVZ has been the subject of a number of recent analyst reports. UBS Group lowered their price objective on Invesco from $18.00 to $17.00 and set a “neutral” rating for the company in a research note on Monday, January 29th. Wells Fargo & Company decreased their target price on Invesco from $20.00 to $19.00 and set an “overweight” rating for the company in a research report on Wednesday, January 24th. Morgan Stanley lifted their target price on Invesco from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 17th. The Goldman Sachs Group decreased their target price on Invesco from $17.75 to $16.75 and set a “neutral” rating for the company in a research report on Wednesday, April 24th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $17.00 target price (down previously from $18.00) on shares of Invesco in a research report on Wednesday, April 24th. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Invesco presently has an average rating of “Hold” and an average target price of $16.79. Read Our Latest Stock Analysis on IVZ Invesco Company Profile (Free Report) Invesco Ltd. is a publicly owned investment manager. The firm provides its services to retail clients, institutional clients, high-net worth clients, public entities, corporations, unions, non-profit organizations, endowments, foundations, pension funds, financial institutions, and sovereign wealth funds. See Also Five stocks we like better than Invesco 3 Warren Buffett Stocks to Buy Now MarketBeat Week in Review – 5/13 – 5/17 Earnings Per Share Calculator: How to Calculate EPS Take-Two Interactive Software Offers 2nd Chance for Investors How to Calculate Options Profits Deere & Company’s Q2 Report: Strong Revenue, Cautious Outlook Want to see what other hedge funds are holding IVZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco Ltd. (NYSE:IVZ – Free Report).
