Investing.com - Financial Markets Worldwide
🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

Large Cap Growth ETF (RPG) Hits New 52-Week High

ByZacks Investment Research
Published 05/25/2017, 08:59 AM
Updated 07/09/2023, 06:31 AM
US500
-

For investors seeking momentum, Guggenheim S&P 500 Pure Growth ETF RPG is probably on radar now. The fund just hit a 52-week high and is up more than 22% from its 52-week low price of $76.35/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:

RPG in Focus

This ETF offers exposure to the growth corner of the broad market holding 113 securities in its basket with none accounting for more than 3.2% of total assets. It has key holdings in information technology while consumer discretionary, healthcare and industrials round off the next three spots. It charges 35 basis points in annual fees (see: all the Large Cap ETFs here).

Why the Move?

The growth space of the broad U.S. stock market has been an area to watch lately given that U.S. stocks have made a strong comeback after the worst drop of 2017 and have been roaring higher. The optimism was felt afresh following the Fed minutes, which signal another rate hike in June. Naturally, the confidence level rose. Growth stocks tend to outperform when the stock market is on an uptrend.

More Gains Ahead?

Currently, RPG has a Zacks ETF Rank of 1 or ‘Strong Buy’ rating with a Medium risk outlook, suggesting that the outperformance could continue in the months ahead. Further, many of the segments that make up this ETF have a strong Zacks Industry Rank, so there is definitely still some promise for those who want to ride on this surging ETF a little longer.

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 >>


GUGG-SP 500 PG (RPG): ETF Research Reports

Original post

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.