In 2012, the percentage was closer to 20%, and when AAPL triggered an LCD sell signal in September 2012, it magnified the selling pressure in XLK . It is also important to note that 59.1% of the ETF is concentrated in just these top ten stocks. Therefore, if you are considering an ETF, you should also examine the charts of any stocks that make up 10% or more of the ETF. Click to Enlarge The weekly chart of Apple Inc.
Top holdings are of course XOM and CVX, which make up a good 28% of the portfolio, and there are 43 other names in the index outside of these too. SLB, COP, and EOG round out the top five, and it appears that some may be bracing for a potential reversal in the sector if not simply longs hedging a good sized position on the books into the weekend and near term. XLE has had notable inflows YTD, taking in >$3 billion and is now a >$12 billion fund. This ETF is also the largest Energy Equity ETF in the space by a mile as well, trumping the second largest VDE (Vanguard Energy, Expense Ratio 0.14%) which only has about $3.2 billion in AUM.
Morgan Chase ( JPM ) gets moving next Tuesday with the launch of the firms first fund, according to a just-released exchange filing . JPMXF Diversified Return Global Equity ETF, we reported ,is built with four attributes in mind: (1) finding stocks which exhibit low volatility, (2) stocks with value characteristics, (3) momentum and (4) size. Bloomberg Going passive Back in February, this blog previewed a lineup that the giant bank has no problem calling smart beta. The term has come under fire in the ETF industry and elsewhere for being vague , overpromising and something of a hash by fund marketing departments. Do you really want to call these ETFs smart beta? I put the question toBob Deutsch, head of JPMs ETF business, earlier this year. Here was the response : Its a term the industry uses, and I dont have something to offer in united states terms of a better one, Deutsch said, adding, I do think there is a recognition that traditional market cap weighted index funds have unintended biases, and that because of those unintended biases, investors should at least consider other ways to invest.
The chart below shows the one year price performance of BND, versus its 200 day moving average: Looking at the chart above, BND’s low point in its 52 week range is $79.14 per share, with $82.60 as the 52 week high point – that compares with a last trade of $81.76. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique — learn more about the 200 day moving average . Exchange traded funds (ETFs) trade just like stocks, but instead of ”shares” investors are actually buying and selling ”units”. These ”units” can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed).