RWW - Oppenheimer S&P Financials Revenue ETF

NYSEArca - NYSEArca Delayed Price. Currency in USD
66.93
0.00 (0.00%)
As of 3:45PM EDT. Market open.
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Previous Close66.93
Open66.50
Bid0.00 x 1000
Ask0.00 x 800
Day's Range66.47 - 66.93
52 Week Range53.51 - 70.62
Volume3
Avg. Volume1,803
Net Assets37.68M
NAV66.96
PE Ratio (TTM)N/A
Yield1.81%
YTD Return16.49%
Beta (3Y Monthly)1.08
Expense Ratio (net)0.45%
Inception Date2008-11-10
Trade prices are not sourced from all markets
  • 7 Financial ETFs to Buy
    InvestorPlacelast month

    7 Financial ETFs to Buy

    After being an epic disappointment in 2018, the financial services sector and the related exchange-traded funds (ETFs) are rebounding in 2019. The Financial Select Sector SPDR (NYSEARCA:XLF), the largest financial ETF, is up an admirable 12.8% year-to-date, thought that trails the S&P 500 by 70 basis points.While several sectors are outperforming financials this year, there are some financial ETFs offering impressive returns, making them solid alternatives to traditional funds like XLF. And there are other catalysts that could further benefit financial ETFs -- including expectations that short-term interest rates will decline and the sector's status as a value play."Trading at an eye-popping 55% discount relative to the broader market based on price-to-earnings multiples, it potentially offers compelling value to investors willing to accept the risk of investing in the sector," according to State Street. "According to FactSet, fourth quarter earnings per share (EPS) growth for financials will be more than 10%, roughly in line with the market EPS growth rate."InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Small-Cap Stocks That Make the Grade For investors looking to get involved with the third-largest sector in the S&P 500, here are some financial ETFs to consider. Financial ETFs: SPDR S&P Bank ETF (KBE)Expense Ratio: 0.35% per year, or $35 on a $10,000 investment.The SPDR S&P Bank ETF (NYSEARCA:KBE) is one of the best financial ETFs for investors looking to focus on bank stocks. A year-to-date gain of 19% proves as much. KBE follows the S&P Banks Select Industry Index and holds 85 stocks, which are equally weighted in the fund.This financial ETF "seeks to provide exposure to the bank segment of the S&P TMI, which comprises the following sub-industries: asset management & custody banks, diversified banks, regional banks, other diversified financial services and thrifts & mortgage finance sub-industries," according to State Street.While this financial ETF is not a dedicated regional bank fund, it is close, since regional bank equities represent nearly 80% of the KBE's weight. Regional banks were major disappointments last year as the group, usually known for being positively correlated to rising interest rates, slumped as rates rose. Yield curve normalization and increased industry consolidation are among the factors that could boost regional banks this year. Invesco S&P SmallCap Financials ETF (PSCF)Source: Shutterstock Expense Ratio: 0.29%Recently, there have been some signs of weakness in small caps, prompting investors to stick with large-cap stocks and ETFs. However, the Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) has held up relatively well and is sporting a year-to-date gain of 11.3%.PSCF, the small-cap answer to the aforementioned XLF, holds 138 stocks with an average market value of $1.75 billion, putting this financial ETF at the higher end of small-cap territory. Banks and real estate investment trusts (REITs) represent nearly two-thirds of this financial ETF's roster. * 15 Stocks That May Be Hurt by This Year's Big IPOs PSCF reflects the value proposition offered by the financial services sector, as over 39% of the fund's holdings are classified as value stocks compared with just 12.5% designated as growth stocks. Fidelity MSCI Financials Index ETF (FNCL)Source: Shutterstock Expense Ratio: 0.084%For cost-conscious investors looking for good deals, the Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) is the way to go. A traditional financial ETF that is similar to the aforementioned XLF, FNCL is the least-expensive financial ETF on the market today. Fidelity clients can trade FNCL commission-free, adding to the fund's cost efficiencies.With FNCL, investors are making bets on the largest domestic money center banks, investment banks and insurance companies. FNCL's top 10 holdings combine for over 43% of the fund's weight.Remember this: Warren Buffett's Berkshire Hathaway Inc. (NYSE:BRK-B), itself one of the largest holdings in FNCL, recent boosted its stakes in a slew of large U.S. banks, including several that are among the top holdings in this Fidelity financial ETF. Invesco KBW High Dividend Yield Financial ETF (KBWD)Source: Shutterstock Expense Ratio: 2.42%Investors looking for a high-yield financial ETF may want to consider the Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD). Yes, this fund fits the bill as high-yield as highlighted by a 12-month distribution rate of 8.1%, but the rub is KBWD's whopper of an expense ratio of 2.42%.KBWD is not a traditional financial ETF in that it is not a large-cap fund, nor is it heavily allocated to shares of standard banking stocks. Rather, this financials fund's high yield is derived via significant exposure to mortgage REITs, some asset managers and some insurance companies. * 7 Winning High-Yield Dividend Stocks With Payouts Over 5% With a price-to-earnings ratio of just under 9, KBWD is a value play and essentially all of its 40 holdings are classified as mid- and small-cap value stocks. Oppenheimer Financials Sector Revenue ETF (RWW)Expense Ratio: 0.45%Most financial ETFs are cap-weighted funds, but the Oppenheimer Financials Sector Revenue ETF (NYSEARCA:RWW) takes a different approach to financials by weighting its holdings by revenue. "Revenue weighting offers diversified equity market exposure but, by weighting companies based on their revenue, rather than their stock price, it increases the strategy's exposure to attractively valued stocks compared to a market-cap-weighted index," according to Oppenheimer.Due to the revenue weighting methodology in this financial ETF, Buffett's Berkshire Hathaway is 15.1% of RWW's weight while no other stock accounts for over 7.8% of the fund's roster. RWW is up around 13% this year. ProShares Global Listed Private Equity ETF (PEX)Expense Ratio: 2.78%For investors willing to deal with the high fee, the ProShares Global Listed Private Equity ETF (CBOE:PEX) is an interesting avenue for exposure to the universe of listed private equity companies. This financial ETF tracks the LPX Direct Listed Private Equity Index and has a 12-month dividend yield of nearly 4.2%.Listed private equity (LPE) employs a business model that is similar to the traditional private equity model, but rather than relying on institutions and wealthy individual investors, LPE taps public markets for capital, providing investors with accessibility and daily liquidity via a publicly traded instrument. Translation: LPE companies are public companies investing in portfolios of private firms. * 15 Stocks Sitting on Huge Piles of Cash There are some issues to consider with PEX, including that high fee. While investing in private equity companies may sound compelling to everyday investors, particularly because private equity investments are off limits to all but institutional and ultra-high-net-worth investors, PEX has to outperform traditional financial ETFs by wide margins to justify its high fee … and that is not happening this year. Invesco S&P 500 Equal Weight Financials ETF (RYF)Source: Shutterstock Expense Ratio: 0.4%There are different ways to skin the financials ETF cat, and that includes an equal-weight idea via the Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RYF). Home to 68 stocks, this financial ETF is a solid idea for investors looking to avoid large weights to the biggest U.S. banks and Berkshire Hathaway.Even with RYF being an equal-weight fund, a strategy that often tilts toward small-cap stocks, this fund's holdings have an average market value north of $45 billion. None of RYF's holdings are classified as small caps, but that is not diminishing the fund's performance this year as this financial ETF is up 15.4%. That indicates equal weighting works at the sector level.Many equal-weight ETFs have a value tilt, and with this being a financial ETF, RYF does have significant value exposure. Value stocks represent nearly 60% of the fund's weight.As of this writing, Todd Shriber owned shares of XLF. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 of the Best Stocks to Buy Under $10 * 7 Single-Digit P/E Stocks With Massive Upside * 7 Best Quantum Computing Stocks Trading Today Compare Brokers The post 7 Financial ETFs to Buy appeared first on InvestorPlace.

  • Forget Earnings Slowdown, Bet on Revenue-Weighted ETFs
    Zacks3 months ago

    Forget Earnings Slowdown, Bet on Revenue-Weighted ETFs

    As revenue growth is expected to outpace earnings growth this year, revenue-weighted ETFs are expected to take lead over earnings-weighted strategies.

  • Where Wells Fargo Stands among Its Peers
    Market Realist7 months ago

    Where Wells Fargo Stands among Its Peers

    The price-to-book value ratio (or PBV) is considered the best multiple for valuing companies in the insurance, finance, and banking spaces, as these companies have significant liquid and tangible assets on their books. A PBV of lower than 1.0 indicates that a stock is undervalued and is considered a good buy. Wells Fargo & Company (WFC) is currently trading at a PBV of 1.54x, a slight premium to the industry average of ~1.48x.

  • Trump’s Business-Friendly Policies Support Goldman Sachs’ Growth
    Market Realist8 months ago

    Trump’s Business-Friendly Policies Support Goldman Sachs’ Growth

    The enactment of President Donald Trump’s Tax Cuts and Jobs Act of 2017 has had an overall positive impact on Goldman Sachs’ (GS) financials. With the implementation of this act, corporate tax rates have declined to 21.0% from 35.0%. The entire financial sector has gained from decreased tax rates, as it’s among the most highly taxed industries.

  • Wells Fargo Trades at a Premium Valuation to Its Peers
    Market Realist8 months ago

    Wells Fargo Trades at a Premium Valuation to Its Peers

    Analysts consider the PBV (price-to-book value) ratio the best multiple to value companies in the insurance, finance, and banking space, as these firms have significant liquid and tangible assets on their books. A PBV multiple that’s less than 1.0 indicates that the stock is undervalued and considered a good buy. Wells Fargo (WFC) currently trades at a PBV multiple of 1.39x, a slight discount to the industry average of ~1.5x.

  • Banks to Benefit from Trump’s Business-Friendly Policies
    Market Realist8 months ago

    Banks to Benefit from Trump’s Business-Friendly Policies

    The implementation of the Tax Cuts and Jobs Act has had an overall positive impact on the banking industry. The corporate tax rates have come down to 21% from 35%. A lower tax rate not only improves a company’s net income but also frees up funds to invest in growth opportunities.

  • How Rising Interest Rates Could Drive Citigroup’s Profitability
    Market Realist8 months ago

    How Rising Interest Rates Could Drive Citigroup’s Profitability

    Investing in Citigroup Stock: Do Investors Think It Makes Sense? The Federal Reserve kept the funds rate at 0.25% from December 2008 to December 2015. With an improving economy and a lower unemployment rate, it started to raise interest rates for the first time in December 2015 by 25 basis points (or bps) to 0.50%.

  • ETF Trends11 months ago

    Why Revenue-Weighted ETFs Are a Good Fit Now

    A revenue-weighted ETF approach could serve as a compelling alternative to market-cap weighting for core equity positions. On the recent webcast, Anchor Your Core with Revenue Weighting, Brian Levitt, ...

  • ETF Trends11 months ago

    Anchor Your Core with Revenue Weighting

    With the growing migration towards index investing strategies, financial advisors may be wondering whether traditional market cap weighting is the right approach for their clients. On the upcoming webcast, ...