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Empirical Asset Management LLC purchased a new position in Invesco Zacks Mid-Cap ETF (NYSEARCA:CZA) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 9,821 shares of the company's stock, valued at approximately $1,079,000. Empirical Asset Management LLC owned about 0.59%
The new year is poised for a resurgence in tech IPOs, as lower interest rates and an investor shift to small- and mid-cap companies combine to create a more welcoming market for debuts. The current environment presents the most favorable conditions for the recovery of IPOs in the past three years. The S&P 400 Midcap Index and the S&P 600 Index have outperformed the S&P 500 Index since the US election Nov. 5.
Zacks Investment Research seeks to leverage the expertise of thousands of Wall Street researchers, reasoning that its clients can gain a competitive edge by following analyst upgrades and downgrades. CZA aims to fully replicate the Zacks Mid Cap Core Index. However, I was surprised to find the Index does a poor job selecting stocks with strong earnings sentiment. My analysis revealed passive mid-cap funds like IWR, IJH, IMCB, and VO had stronger earnings momentum, and that CZA's constituents barely beat sales expectations last quarter.
The S&P 500 ETF (SPY) gapped up 1% at the open this morning, so we wanted to provide a quick summary of how the ETF has typically traded on days when it gaps up 1%+.
This article summarizes the performance of the entire U.S. equity market by examining 1Y, 3Y, 5Y, and 10Y returns for 850+ ETFs across 40 categories. Major indices declined, but investing in Energy, High-Dividend, and Large-Cap Value ETFs softened the blow. Meanwhile, searching for the bottom in mega-cap growth and thematic ETFs didn't work.
The research firm's investment arm steps into the role of ETF issuer for the first time.
This is a weekly series focused on analyzing the previous week’s economic data releases. The objective is to concentrate on leading indicators of economic activ
As the Covid-19 outbreak takes a toll on the restaurant and fast-food industry, YUM stock is likely to stay volatile in the coming weeks.