Investing.com - Financial Markets Worldwide
🎁 💸 Warren Buffett's Top Picks Are Up +49.1%. Copy Them to Your Watchlist – For FreeCopy Portfolio

Consumer Staples ETF (RHS) Hits New 52-Week High

ByZacks Investment Research
Published 12/05/2019, 09:40 PM
Updated 07/09/2023, 06:31 AM
US500
-

For investors seeking momentum, Invesco S&P 500 Equal Weight Consumer Staples ETF RHS is probably on radar. The fund just hit a 52-week high and is up about 29% from its 52-week low price of $111.19/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:

RHS in Focus

RHS focuses on the consumer staples segment of the U.S. market with equal-weigh exposure across the securities. The fund has key holdings in food products, beverages, food & staples retailing, and household products. It charges investors 40 basis points a year in fees (see: all the Consumer Staples ETFs here).

Why the Move?

The consumer staples sector has been an area to watch out for lately given the return of volatility in the stock market due to uncertainty in the U.S.-China trade deal and new tariff drama by President Trump. This is because the consumer staples sector sees steady demand in the event of an economic downturn due to its low level of correlation with economic cycles. These generally act as a safe haven amid political and economic turmoil.

More Gains Ahead?

Currently, RHS has a Zacks ETF Rank #3 (Hold) with a Medium risk outlook. Therefore, it is hard to get a handle on its future returns one way or the other. However, many of the segments that make up this ETF have a strong Zacks Industry Rank. So, there is definitely some promise for those who want to ride this surging ETF a little further.

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 >>

Invesco S&P 500 Equal Weight Consumer Staples ETF (RHS): ETF Research Reports

Original post

Zacks Investment Research

Latest comments

Loading next article…
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.