|Bid||63.54 x 1300|
|Ask||65.55 x 900|
|Day's Range||65.36 - 65.66|
|52 Week Range||53.22 - 70.64|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.13|
|Expense Ratio (net)||0.35%|
A version of this article appeared in the March 2019 issue of Morningstar ETFInvestor. The concept of value investing dates back at least as far as the 1920s, when Benjamin Graham and David Dodd first began teaching finance at Columbia University. The fundamental principles of value investing were later enshrined in the duo's classic “Security Analysis,” first published in 1934. The idea is painfully simple: Buy securities at prices below their intrinsic value and wait patiently for their market price to reflect their true worth.
Smart beta is a big deal in the exchange-traded fund (ETF) world. Whether you call it smart beta, factor investing or you use Morningstar Inc.'s term “strategic beta” these ETF strategies are all the rage. Most smart beta strategies are based off of a twist on a mainstream passive index.
Conventional wisdom dictates that, over the long-term, value stocks outperform. Well, the length of the current bull market in U.S. stocks qualifies as “long-term,” and for much of this move higher, value ...
Morningstar's fair value estimate for exchange-traded funds leverages the bottom-up fundamental analysis produced by our global team of equity research analysts, distilling their extensive work into one powerful metric of the estimated intrinsic value of a portfolio of stocks. Morningstar's equity analysts might not cover each of the stocks in an ETF's portfolio.
Large-cap value stocks outperformed their growth rivals in July, something that has not been a regular occurrence during the current bull market in U.S. equities. Investors who are interested in rotating out of the growth style and into the value theme have a number of options to choose from. The iShares Russell 1000 Value ETF (IWD) , which tracks value stocks taken from the large-cap Russell 1000 Index, is trending higher.
Thomas Moore, investment director at Aberdeen Standard Investments, pointed out that the premium paid for companies with growth potential is higher that it has been at any time since the dotcom bubble peaked in 2000, CNBC reports. On the other hand, growth-oriented stocks tend to run at higher valuations since investors expect the rapid growth in those company measures, but more are growing wary of high valuations.
CNBC's Mike Santoli reports on the growth-to-value rotation hitting stocks, and what that trend means for investors.