U.S. Markets close in 4 hrs

Multi-Asset ETF (DWIN) Hits a 52-Week High

Sanghamitra Saha

For investors seeking momentum, Invesco DWA Tactical Multi-Asset Income ETF DWIN is probably on radar. The fund just hit a 52-week high, and is up 9.4% from its 52-week low price of $23.51 per 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:

DWIN in Focus

This fund invests in both fixed income and equity income ETFs including those holding investment-grade and high-yield bonds, fixed-rate preferred shares, dividend-paying equities, U.S. Treasuries, MLPs and real estate investment trusts. It rotates between income-oriented segments, depending on market momentum as well as yield criteria. The fund charges 61 bps in fees and it yields about 5.71% annually. 

Why the Move?

Since markets have been volatile lately and there was a bloodbath in the global market at the start of August owing mainly to renewed U.S.-China trade tensions and China’s yuan devaluation, this defensive ETF gained strength. The high-yield nature of the fund makes it an attractive buy in the current low-volatility environment.

More Gains Ahead?

The fund has a positive weighted alpha of 3.40. So, there is definitely still some promise for those who want to ride on this surging ETF a little longer, especially if uncertainty prevails.

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
 
Invesco DWA Tactical Multi-Asset Income ETF (DWIN): 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