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Consumer Staples ETF (PSL) Hits New 52-Week High - ETF News And Commentary

Sweta Killa

For investors looking for momentum, the PowerShares DWA Consumer Staples Momentum Portfolio (PSL) is probably on your radar now. The fund just hit a 52-week high, and shares of PSL are up roughly 29.3% from their 52-week low price of $44.19/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:

PSL in Focus    

PSL provides exposure to 32 stocks having positive relative strength (momentum) characteristics. The fund has a definite tilt toward mid caps with key holdings in the food products, beverages, and household durables segments. PSL charges investors 60 basis points a year in fees and has top holdings in Altria Group,    Monster Beverage and Church & Dwight (see: all the Consumer Staples ETFs here).

Why the Move?

The consumer staples sector has been an area to watch lately as cheap fuel and rising income led to fatty wallets, resulting in higher spending power. Greater spending along with an improving U.S. economy, better job prospects and increasing consumer confidence is making the consumer segment a great space to stay invested in.

More Gains Ahead?

Currently, PSL has a Zacks ETF Rank #3 (Hold) 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 Zacks Industry Ranks, so there is definitely still some promise for those who want to ride on this surging ETF a little further.

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PWRSH-DW CON ST (PSL): ETF Research Reports
 
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