U.S. markets closed

Global Infrastructure ETF (TOLZ) Hits New 52-Week High

Zacks Equity Research

For investors looking for momentum, the DJ Brookfield Global Infrastructure ETF TOLZ is probably on your radar now. The fund just hit a 52-week high and shares of TOLZ are up roughly 14.15% from their 52-week low price of $36.96/share.


But could more gains be ahead for this ETF? Let’s take a quick look at the fund and the near-term outlook to get a better idea on where it might be headed:


TOLZ in Focus


TOLZ focuses on the global infrastructure market. The fund has a large-cap focus with key holdings in the Energy, Utilities, and Industrials sectors. TOLZ charges investors 45 basis points a year in fees. Its top holdings include National Grid PLC, American Tower Corp, and Enbridge Inc. with almost 15% of assets allocated to them (see all the Utilities/Infrastructure ETFs here).


Why the move?


The infrastructure sector has been an area to watch lately as Donald Trump’s promises to boost spending by over $1 trillion is a positive. Almost 50% of the fund assets are allocated to the U.S. and almost 15% to Canada. Canada is planning to launch a government infrastructure bank to spur development of projects across the country, which also contributed to recent gains of the fund.


More Gains Ahead?


The fund has a weighted alpha of 12.46 and a low 14-day standard deviation of 5.72%. So there is definitely still some promise for those who want to ride this surging ETF a little further.


Want key ETF info delivered straight to your inbox?

Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>


 


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
PRO-DJ BF GB IF (TOLZ): ETF Research Reports
 
To read this article on Zacks.com click here.
 
Zacks Investment Research
 
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report