|Bid||25.92 x 1100|
|Ask||27.24 x 1400|
|Day's Range||26.92 - 27.00|
|52 Week Range||24.77 - 27.28|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||N/A|
|Expense Ratio (net)||0.45%|
ALPS Advisors Director of Research, Jeremy Held, joins Jackie DeAngelis on The Ticker to discuss the housing sector and the new "HOMZ" ETF launched by Hoya Capital.
The Trump administration's policies of increased tariffs on steel, aluminum and Canadian lumber as well as tougher immigration rules (especially pertaining to Mexico) could hurt homebuilding ETFs.
The housing fund HOMZ hit the market in March. Let's take a look how this new ETF is different from the two longstanding products in the space.
Sales of previously-owned homes fell for the second month in a row, another sign of a struggling market, even as the Realtor lobby continues to expect moderate growth ahead.
The ETF marketplace has been trending towards lower and lower fees for some time now, but it’s never gotten as low as it has this past week. Most watchers figured that a 0% ETF was the next logical step in the fee war, but Salt Financial has passed that marker and gone straight into negative territory. It’s the first ETF that will actually pay you to invest in it but it comes with a catch! For a list of all new ETF launches, take a look at our ETF Launch Center. Here are the latest new fund launches:
At a weight of just 3.01 percent, the real estate sector is the second-smallest sector weight in the S&P 500, but the group is a popular destination for conservative income investors. Some newer real estate ETFs are offering refreshed avenues to the sector. HOMZ was launched by an alumni of Georgetown University and one of his college professors.