Barron's 400 ETF (BFOR) Hits New 52-Week High
For investors seeking momentum, Barron's 400 ETF BFOR is probably on radar now. The fund just hit a 52-week high, which is up roughly 27% from its 52-week low price of $25.76/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:
BFOR in Focus
BFOR focuses on high performing equity securities of U.S. companies. The underlying index of the fund normally comprises 400 stocks, which are selected on the basis of their fundamental strength in the yield of growth, value, profitability and cash flow.
BFOR charges investors 65 basis points a year in fees and has top holdings in Charles River Laboratories International, Home Depot and Intel (see Total Market (U.S.) ETFshere).
Why the Move?
With uncertainty prevailing in the market due to uneven U.S. economic growth, upheaval in oil prices and global growth issues, a look at a quality ETF like BFOR seems warranted at the current level.
More Gains Ahead?
The fund has a positive weighted alpha of 9.80. A positive weighted alpha hints at more gains.
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BARRONS-400 ETF (BFOR): ETF Research Reports
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