Loading…
Loading…
Envestnet Asset Management Inc. boosted its position in SPDR Kensho Future Security ETF (NYSEARCA:FITE) by 208.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,969 shares of the company's stock after buying an additional 17,549 shares during the
Cetera Investment Advisers raised its holdings in SPDR Kensho Future Security ETF (NYSEARCA:FITE) by 206.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,157 shares of the company's stock after buying an additional 6,839
Following last week's macroeconomic developments — such as the July jobs report — it's worth taking a look at near-term ETF performance. Tracking top-performing funds allows advisors and investors to see what thematic strategies are resonating in the market.
The SPDR S&P Kensho Future Security ETF has a balanced portfolio of 65 stocks focused on defense and cybersecurity. FITE has interesting cash flow characteristics and has marginally outperformed the broad stock market since its inception. Nonetheless, it trails leading defense and cybersecurity ETFs.
Buying the dip has been a successful strategy for decades. While the macro environment may create fear, history often shows that not investing during a market downturn is a missed opportunity.
The tech-heavy Nasdaq Composite Index delivered awful performances for the last three weeks, only to stage a recovery this week.
Shares of high-growth technology companies lost trillions of market cap in the past year (based on the 12-month drop in the Nasdaq), per CNBC.