IGV - iShares Expanded Tech-Software Sector ETF

NYSEArca - NYSEArca Delayed Price. Currency in USD
+2.22 (+0.85%)
At close: 4:00PM EST
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Previous Close262.30
Bid263.52 x 800
Ask264.68 x 1100
Day's Range262.48 - 264.89
52 Week Range198.32 - 264.89
Avg. Volume567,873
Net Assets3.21B
PE Ratio (TTM)12.69
YTD Daily Total Return13.53%
Beta (5Y Monthly)1.08
Expense Ratio (net)0.46%
Inception Date2001-07-10
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  • Cash and Gold Are the Two Best Assets in a Bear Market

    Cash and Gold Are the Two Best Assets in a Bear Market

    Editor's note: This article was originally published on October 3, 2019 via Legacy Research Group."Axe" and "woodshed"…These are the two words to best describe the U.S. stock market over the last two days.InvestorPlace - Stock Market News, Stock Advice & Trading TipsYesterday, the Dow plunged by more than 500 points.That's a 2% drop.And over the past two days, it's down by more than 3%. That's the worst start to the quarter since 2008.And the S&P 500 chalked up its worst start to the quarter in about a decade.It tumbled nearly 2% yesterday. And it's down about 3% since the start of the month.These plunges have investors rattled…But as you'll see today, they're small potatoes compared with what unsuspecting investors will suffer next bear market.That's why, here at the Cut, we've been urging you to take the time NOW to prepare your portfolio for the next bear.You're not going to accurately time the top of this bull market to the day. But as Rick Rule, the president and CEO of Sprott U.S. Holdings, put it at the Legacy Investment Summit in California last week, that's not the point.Rick is a legendary investor in natural resource stocks. And he's made hundreds of millions of dollars for himself and for his clients by being attuned to market cycles.As Rick told the folks who joined us for the summit, you don't need a crystal ball. What you can be sure of is that bear markets follow bull markets… and vice versa. Rick…The biggest lesson with regards to investing in natural resource stocks in particular - but also stocks in general - is that they're cyclical.Bear markets are the authors of bull markets. Bull markets are the authors of bear markets. The slogan I use to educate investors as quickly as I can about the implications of this is that you are either a contrarian, or you will be a victim.That means paying attention now to the prospect of a coming bear market… even if there's still some life left in the bull.It sounds obvious. But it's a key point. The time to prepare for a bear market is before it's wreaked havoc… not after.The average bear market loss for the S&P 500 is 46%…And you'd be lucky to be saddled with "just" the average loss.Going back to 1929, there have been eight bear markets in the U.S. They've lasted between six months to nearly three years. And they've sent the S&P 500 plunging between 27% and 82%.If you're 100% invested in stocks, you're risking a "ruinous loss."That's the term Legacy Research cofounder Bill Bonner uses for a loss you can't recover from.Bear markets typically accompany recessions…Here at the Cut, we call bear markets and recessions the "terrible twins."Of the eight bear markets going back to 1929, five have been accompanied by a recession.And despite what you might hear from TV's talking heads… or government officials… a recession is very much in the cards.But don't take it from me…Take it from the folks paid to worry about recessions and their effect on corporate sales - America's chief financial officers (CFOs).In its latest quarterly survey of 255 CFOs at U.S. firms, Duke University reported that two in three of them see a recession coming by the end of next year.And more than half see a recession by the third quarter of 2020.That's why we've been like a broken record on the importance of diversification…The simplest, most effective way to avoid a ruinous loss is to spread your wealth across different "buckets," or asset classes.That's why you should make it a core part of your investment philosophy. Here's Teeka Tiwari, who heads up our Palm Beach Confidential advisory, with more…What percentage of your money should you invest in stocks? What percentage in bonds? How much real estate should you own? What percentage in collectibles? How much in cryptos? What amount of cash? What amount in gold?How you answer these questions is what really moves the needle in terms of your wealth.And when you're thinking about your portfolio mix, it's important to not get stuck looking in the rearview mirror. It's what's coming down the pike that matters.Your two best friends in a bear market are gold and cash…Unlike stocks, bonds, and other financial assets, physical gold - either stored in a vault or sensibly at home - isn't someone else's promise to pay.Gold is real wealth. It's been recognized as real wealth going back thousands of years.Gold is also "disaster insurance."As our globetrotting geologist Dave Forest has been telling readers of our International Speculator advisory, gold is the best precious metal to own in a crisis. Take a look…Of the five precious metals Dave looked at, gold is the only one that went up before, during, and after the last four major financial crises.Cash is also great to have in a bear market…Think of cash like ballast in a ship. It keeps it steady in a storm.When stocks are tanking… and panic is in the air… cash will stay steady as a rock.Cash also gives you the ability to buy beaten-down stocks at bargain-basement prices. In other words, cash gives you the courage… and the ability… to buy low and sell high.And that's how you make real money as an investor.Think also about the kinds of stocks you own…Because some stocks do better when the bear is stalking than others.It's something Jason Bodner flagged for our Palm Beach folks earlier today.As regular readers know, Jason used to work at Wall Street financial services firm Cantor Fitzgerald. He often traded more than $1 billion in stock for wealthy clients. And he learned how the stock market works from the inside out.Then, after nearly 20 years on Wall Street, he walked away from it all. And he used his knowledge of what really moves stock prices to develop his own "unbeatable" stock-picking system.It blends the strategies of elite Wall Street traders with the work of Nobel Prize-winning mathematicians. It even uses artificial intelligence (AI).And it has one aim. It detects when billions of dollars in institutional money is headed into certain stocks. This allows Jason and his readers to ride them higher as the Wall Street money flows in.Lately, Jason's system has been detecting a surge of defensive buying…It's also detecting heavy-selling stock sectors that are the most sensitive to a recession. Here he is with more on that…Without getting into too much detail, when my system flashes green, it means big money is buying. When it flashes red, it means big money is selling.Last week, we saw plenty of red in the growth-heavy tech sector. And 82% of the sell signals my system generated were for software stocks.On the flip side, my system detected big buying in utilities. Investors generally view the sector as defensive because it offers stability and strong yields.You can see what that looks like in the chart below.The defensive utilities exchange-traded fund (ETF) is up 3% since August 30, as more growth-sensitive software stocks have fallen.As Jason puts it, there's always a bull market somewhere…You just have to know how to find it.Remember, his system can detect when deep-pocketed investors start pouring into - or out of - certain stocks or sectors. This allows his readers to stay ahead of the crowd.For instance, in a recent study that covered 30 years of data, Jason's system pinpointed the No. 1 stock on the S&P 500 almost every year (including the past six years in a row).And it beat the returns of superinvestors, such as Warren Buffett and Carl Icahn, by 500-to-1 over the same period.And last night, Jason showed thousands of people how it can make them more money - with more certainty - than almost any other investment they may have tried in their life.Sound too good to be true? See it for yourself right here.Regards,Chris Lowe October 3, 2019 Dublin, Ireland More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Best ETFs for 2019: The Race Is a Little More Gnarly Now * 7 Next-Generation Healthcare Stocks to Buy * Are These 10 High-Yielding S&P Dividend Stocks Traps or Treasures? The post Cash and Gold Are the Two Best Assets in a Bear Market appeared first on InvestorPlace.

  • Salesforce Stock Remains a Strong Pick for an Investor’s Cloud Portfolio

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    In November 2018, I called Salesforce (NYSE:CRM) one of the best cloud stocks to own. Since then, CRM stock is up 12% or 16% on an annualized basis. Source: Bjorn Bakstad / Shutterstock.com InvestorPlace - Stock Market News, Stock Advice & Trading TipsConsidering Salesforce's Q2 2020 results were healthy, a 16% gain hardly seems like enough.Sure, it might not have the cheapest valuation among tech stocks, but given its prospects for growth, CRM stock is still a reliable option for those betting on the cloud. The Cloud Delivered in Q2Salesforce's overall revenue in the second quarter was $4.0 billion, 23% higher than a year earlier excluding currency, and $50 million higher than the consensus estimate. On the bottom line, it blew through estimates, generating earnings per share of 66 cents, 40% higher than the analyst consensus estimate of 47 cents. About the only negative would be the 7% decrease in earnings per share. * 10 Undervalued Stocks With Breakout Potential As for the cloud, it continues to deliver for Salesforce shareholders. Sales Cloud, Service Cloud, and Marketing and Commerce Cloud, saw revenues increase by 13%, 22%, and 36%, respectively, during the second quarter while the Salesforce Platform increased revenue by 28% during the quarter. As for its regional performance, the Americas had the best results in Q2, growing sales by 20% to $2.82 billion. Meanwhile, Europe and the Asia Pacific, which together account for just 30% of Salesforce's overall revenue, increased sales by 25% and 26%, respectively. "An enormous wave of digital transformation is sweeping across every industry, and major brands, like FedEx, AXA and Unicredit, turned to Salesforce in the quarter to propel their growth," said Keith Block, co-CEO, Salesforce. "The trust our customers have in us to drive their digital transformations is reflected in our strong quarterly results across our clouds and regions."Business was so good in the second quarter that the company raised its guidance for fiscal 2020 from $16.25 billion at the high end of its previous estimate to between $16.75 billion and $16.90 billion. Its revenue in fiscal 2019 was $13.3 billion. That suggests sales will grow by 27% year over year, which includes $600 million from Tableau Software, the all-stock $15.7 billion acquisition it completed on Aug. 1. Anyway you slice it, Salesforce is on a roll. CRM Stock's Worth Considering at Current PricesInvestorPlace's Tom Taulli pointed out last week that CRM stock has had an anemic return in 2019, up 10.7% year to date through Aug. 23. By comparison, the two biggest cloud companies by market share -- Amazon (NASDAQ:AMZN) and Microsoft (NASDAQ:MSFT) -- are up 20% and 37%, respectively. * 10 Marijuana Stocks to Ride High on the Farm Bill Taulli finished his latest piece about Salesforce by suggesting that it would make an excellent core holding for anyone looking for exposure in AI and the cloud. Just don't expect the kind of growth Salesforce delivered a decade ago. Instead, be happy with slow and steady winning the race. Speaking of core holdings, Salesforce stock is the biggest holding, at 9.63% weighting, in the 94-stock iShares Expanded Tech-Software Sector ETF (BATS:IGV), which is up 20.7% in 2019.Nothing's changed, in my opinion, from November to today. Salesforce continues to beat earnings estimates. I doubt that's going to change anytime soon. As Taulli said, you ought not to expect the kind of long-term returns it's delivered in the past. Over the last 15 years, it's generated an annualized total return of 29%. If you can accept half of that, CRM stock remains a strong option to play the cloud. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Retail Stocks to Buy on the Dip * 7 Marijuana Stocks With Critical Levels to Watch * 7 Internet of Things Stocks to Buy Now The post Salesforce Stock Remains a Strong Pick for an Investor's Cloud Portfolio appeared first on InvestorPlace.

  • ETF Trends

    High-Flying Software ETF Stung by China Trade War

    The iShares North American Tech-Software ETF (CBOE: IGV) is lower by nearly 5% this month, indicating that high-flying software stocks have been stung by the trade war with China, as has been the case with other groups within the technology space. IGV seeks to track the investment results of an index composed of North American equities in the software industry and select North American equities from interactive home entertainment and interactive media and services industries. While IGV has recently struggled, some market observers remain fans of the software setup, even if a mild recession comes to pass.

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  • 7 Scorching Software ETFs

    7 Scorching Software ETFs

    [Editor's Note: This article was originally published on July 26, 2018, and was updated on July 30, 2019, with the most recent information.]Investors looking for industry-level attribution for the technology sector's strength should not look past software. Simply put, among technology exchange traded funds (ETFs) this year, software ETFs are represent sources of strength.Source: Shutterstock This is one nugget cementing the strength of software ETFs: the S&P North American Technology-Software Index as measured by the iShares Expanded Tech-Software Sector ETF (BATS:IGV) is up 32% year-to-date while the tech-heavy Nasdaq-100 Index is up 25.8%. However, investors will pay up for the privilege of owning software stocks and ETFs.InvestorPlace - Stock Market News, Stock Advice & Trading Tips"As a group, software companies enter the second-quarter earnings period trading at record valuations," according to Barron's. "Macquarie Capital analyst Sarah Hindlian finds that the average software stock is trading for a record 7.1 times next fiscal year's projected revenues. The one-year average valuation on that basis is 5.6 times, she reports. The five-year average is 4.4 times and the 10-year average is 3.9."Adding to the bull thesis for software ETFs are robust revenue expectations across a wide array of software platforms, including cloud, cybersecurity, customer relationship management (CRM), internet applications and video games. * 7 Stocks to Buy With Over 20% Upside From Current Levels Investors can participate in this corner of the technology sector with the following software ETFs. iShares North American Tech-Software ETF (IGV)Expense Ratio: 0.47% per year, or $47 on a $10,000 investment.The iShares North American Tech-Software ETF is one of the largest, oldest and most traditional software ETFs. Home to over $2.8 billion in assets under management, IGV tracks the aforementioned S&P North American Technology-Software Index, cap-weighted software gauge dominated by the industry's largest players.Just four stocks -- Salesforce.com (NYSE:CRM), Microsoft (NASDAQ:MSFT), Adobe Systems (NASDAQ:ADBE) and Oracle (NYSE:ORCL) -- combine for over a third of this software ETF's weight. Those are the breaks with industry and sector funds that are weighted by market capitalization, but investors probably are not complaining about IGV's 32% year-to-date gain.Assuming software stocks maintain their leadership perch in the technology sector, this will be the fourth year in the past five that IGV has outpaced the broader XLK.The potential quibble with IGV is that its price-to-earnings ratio is over 40, implying a significant premium relative to broader technology funds. SPDR S&P Software & Services ETF (XSW)Expense Ratio: 0.35%For investors looking for a software ETF that is not heavily dependent on the industry's large- and mega-cap names, the SPDR S&P Software & Services ETF (NYSEARCA:XSW) is a suitable alternative. This software ETF is an equal-weight fund and none of its 159 holdings commands a weight north of 1%.XSW's top 10 holdings combine for just 9.2% of the fund's weight. This software ETF is up 35% year-to-date, indicating its tilt toward smaller software stocks is rewarding investors. While it is not driven by the industry's largest names, its P/E ratio of 25 is more attractive than IGV's. * 7 Semiconductor Stocks to Buy for Your Inner Geek The XSW ETF also boasts gains of 19% in the last year, 25% in the past three years and 17% in the past five years. Invesco Dynamic Software ETF (PSJ)Expense Ratio: 0.63%The Invesco Dynamic Software ETF (NYSEARCA:PSJ) is another example of a software ETF with an alternative weighting methodology. PSJ follows the Dynamic Software Intellidex Index.That index "is designed to provide capital appreciation by thoroughly evaluating companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value," according to Invesco.Implementation of those factors results in a lineup of just 30 stocks, a far smaller roster than IGV of XSW have. PSJ is up over 40% this year, due in part to contributions from the likes of Microsoft and Salesforce. Said another way, PSJ is not just one of the best software ETFs, but one of the best tech industry ETFs of any stripe in 2019.While this software ETF allocates over 81% of its weight to growth stocks, its annualized volatility has only been slightly higher than the Nasdaq-100 Index's over the past three years, a period in which PSJ has trounced that benchmark. ETFMG Prime Cyber Security ETF (HACK)Expense Ratio: 0.6%The ETFMG Prime Cyber Security ETF (NYSEARCA:HACK) is not a pure software ETF, but software is a significant part of the broader cybersecurity spectrum.HACK tracks the Prime Cyber Defense Index, which is "comprised of companies that offer hardware, software, consulting and services to defend against cybercrime," according to the issuer.Over 62% of HACK's holdings are software companies, split among the systems and internet software industries. HACK has the potential to be a dominant name over the long term. * 7 Oversold Stocks To Buy Right Now Just three years ago, cybersecurity attacks resulted in damages of $3 trillion, but that number could jump to $6 trillion by 2021, meaning companies and governments will be spending in a big way on warding off cyber threats. HACK and cybersecurity stocks were pinched by the China trade conflict as highlighted by a big May-June decline that has the fund up "just" 23% this year. ETFMG Video Game Tech ETF (GAMR)Expense Ratio: 0.74%Hardware is part of the conversation when discussing video game investing, but the ETFMG Video Game Tech ETF (NYSEARCA:GAMR) is a credible software ETF, as it has significant holding overlap with more traditional software ETFs. In fact, some of GAMR's top 10 holdings, including Take-Two (NASDAQ:TTWO), are top 10 holdings in other such funds.Past performance is never a guarantee of future returns, but it cannot be ignored that GAMR has more than doubled over the past three years. Plus, this software ETF has a plethora compelling future catalysts that could signal its run still has momentum. Digitalized gaming is one of those catalysts."The percentage of digitally downloaded video games rose from 31% in 2010 to 74% in 2016," according to GAMR's issuer. "This is expected to climb to nearly 93% by 2021."GAMR looks more attractive today than when we first ran this piece a few months by virtue of an almost 18% decline off its 52-week high. Investors interested in this fund may want to wait for it snap out of its recent funk. Global X Future Analytics Tech ETF (AIQ)Global X Funds logo. (PRNewsfoto/Global X Funds)Expense Ratio: 0.68%The Global X Future Analytics Tech ETF (NASDAQ:AIQ) is one of the newest additions to the software ETF fray, having debuted in 2018. AIQ follows the Indxx Artificial Intelligence & Big Data Index.This is not a pure software fund, but there are myriad intersections between the artificial intelligence and big data themes and software. Several of AIQ's top 10 holdings, including Microsoft and Adobe, reside in more pure, traditional software ETFs. Ovearll, more than 51% of AIQ's 83 holdings are classified as software companies. * 7 Stocks to Sell This Summer Earnings Season AIQ is a little over a year old and is on a torrid pace this year with a gain of 32%. First Trust Cloud Computing ETF (SKYY)Expense Ratio: 0.6%It is just one example, but one reason why shares of Microsoft are up almost 40% this year is the cloud computing boom. Cloud computing is also powering another company you've probably heard of -- Amazon (NASDAQ:AMZN). For the investors who do not want to stock pick among cloud names, the First Trust Cloud Computing ETF (NASDAQ:SKYY) is the idea to consider.SKYY is not a dedicated software ETF, but if you combine the fund's exposure to traditional and internet software purveyors, the figure is north of 54%. Like some of the other funds mentioned here, SKYY has significant long-term potential."The widespread adoption of cloud-based software is shifting the dynamics of the software industry, spreading the reach of enterprise-class applications to smaller businesse and reducing the costs involved in creating, selling, and supporting applicatios," according to Barron's.The worldwide public cloud services market is projected to grow 17.5% in 2019, and according to Sid Nag, research vice president at Gartner, "Through 2022, Gartner projects the market size and growth of the cloud services industry at nearly three time the growth of overall IT services."Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Small-Cap Stocks to Buy Before They Grow Up * 7 Stocks to Buy With Over 20% Upside From Current Levels * 7 Marijuana Penny Stocks to Consider for Those Who Can Handle Risk The post 7 Scorching Software ETFs appeared first on InvestorPlace.

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  • ETF Trends

    ‘IGV’ ETF Rises Over 3% After Salesforce Smashes Earnings Expectations

    The iShares North American Tech-Software ETF (IGV)  soared 1.5% higher on Wednesday after one of its largest holdings, cloud software company Salesforce, reported better-than-expected earnings for its first quarter of the 2020 fiscal year. "I am thrilled with our results this quarter, and I am especially excited to have delivered record revenue in Q1 and operating cash flow of almost $2 billion, up 34% year-over-year," said Marc Benioff, chairman and co-CEO, Salesforce. "Our strong revenue growth in the quarter reflects the strength of our business and the tremendous demand we're seeing from customers worldwide," said Keith Block, co-CEO, Salesforce.