Consumer Staples ETF (RHS) Hits New 52-Week High
For investors looking for momentum, the Guggenheim S&P Equal Weight Consumer Staples ETF (RHS) is probably on radar now. The fund just hit a 52-week high, and RHS is up more than 69% from its 52-week low price of $69.51/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 provides equal weight exposure of around 2.5% to 38 consumer staples stocks. The fund focuses on large caps with key holdings in the food products, beverages, food & staples retailing, and household durables segments. RHS 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 lately as the holiday season is driving up the space. Solid job additions, slowly rising wages and cheap fuel are allowing consumers extra money to spend on a wide range of products. Further, an improving U.S. economy, a recovering housing market and stepped-up service activities is making the consumer segment a great space to stay invested in.
More Gains Ahead?
Currently, RHS has a Zacks ETF Rank of 3 or ‘Hold’ rating with a Medium risk outlook so it is hard to get a handle on its future returns in one way or another. However, many of the segments that make up this ETF have strong a Zacks Industry Rank, so there is definitely still some promise for those who want to ride on this surging ETF a little further.
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GUGG-SP5 EW C S (RHS): ETF Research Reports
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