ProShares Adds Pair of New ETFs to its Dividend Growth Suite

ProShares added two new ETFs to its dividend growth suite on Thursday, one focusing on U.S. technology and the other on the Russell 3000, which represents the total U.S. market. With eight ETFs—including its flagship fund NOBL—and over $7 billion in assets under management as of November 7, 2019, ProShares’ dividend growth ETF lineup is the largest of any ETF provider. The expansion of the lineup reflects ProShares’ belief in the value of dividend growth strategies for long-term investors. Michael Sapir, co-founder and CEO of ProShare Advisors, LLC, the advisor to ProShares,…

The Yield Curve Inversion May Be Different This Time

By Liam Flaherty, Julex Capital For the last three months, the treasury yield curve has been inverted. The curve is usually upward sloping to account for both the term-premium and additional interest rate/inflation risk that an investor takes on when they buy longer dated issuances. This anomaly is of particular interest because an inversion in the yield-curve has historically been a highly sensitive recession indicator. Of the last seven recessions (defined as consecutive quarters of real GDP decline), six have been preceded by inversions on the 10-Year and 3-Month (see Figure…

Reconfiguring BOON to RENW ETF: Q&A With Toby Loftin

Earlier this month, TriLine Index Solutions, the index and ETF development arm of Boone Pickens Capital Fund Advisors, announced the launch of a new renewable energy ETF via the change of the NYSE® Pickens Oil Response™ ETF (NYSE: BOON) to the Pickens Morningstar® Renewable Energy Response™ ETF (NYSE: RENW). RENW will seek to track the Morningstar® North America Renewable Energy IndexSM, which is administered and calculated by Morningstar, Inc.’s index group to provide exposure to companies that operate across the full renewable energy supply chain, including renewable energy innovators, suppliers,…

Apple Surges After Revenue, Earnings Beat Expectations

Apple (AAPL) was trading up 4.03% in after-hours trading at 5:05 pm ET Tuesday thanks to its revenue and earnings beating expectations. Apple today announced financial results for its fiscal 2019 third quarter ended June 29, 2019. The Company posted quarterly revenue of $53.8 billion, an increase of 1 percent from the year-ago quarter, and quarterly earnings per diluted share of $2.18, down 7 percent. International sales accounted for 59 percent of the quarter’s revenue. “This was our biggest June quarter ever — driven by all-time record revenue from Services,…

Cambria Enters Cannabis ETF Space With Low-Cost ‘TOKE”

Cambria Investment Management entered the cannabis investing space on Thursday with the launch of the Cambria Cannabis ETF (TOKE) on Cboe. The fund is actively managed, and is currently the lowest cost cannabis fund on the market with a net expense ratio of 0.42%. The other four cannabis ETFs (MJ, CNBS, YOLO, THCX) have an expense ratio range of 0.70% to 0.75%. TOKE joins a suite of 11 other Cambria ETFs, that span across tactical, core and value strategies. Meb Faber, Cambria co-founder and CIO, said his company was founded…