5 ETFs To Profit From July Fourth Celebrations

That said, this Fourth July will be a celebration of not only freedom but also economic growth. Along with the spirit of Americans, this Independence Day should lift revenues and profits in various corners. Industries like transportation, lodging, hotel, restaurants, food, and retail will benefit the most. Investors seeking to tap the fanfare could tap these industries through the following ETFs.

iShares Dow Jones Transportation Average Fund (IYT - Free Report)

The ETF provides exposure to the broad transportation sector by tracking the Dow Jones Transportation Average Index. It holds a small basket of 20 stocks with heavy concentration on the top three firms. Railroads takes the top spot with 33.3% share in the basket, while air freight and logistics (24.7%), airlines (18.1%) and trucking (16.9%) round off the next three. The fund has accumulated nearly $510.3 million in AUM and charges 43 bps in fees per year from investors. While the fund currently has a Zacks ETF Rank #4 (Sell), it is expected to get a near-term boost from the July Fourth holiday.

U.S. Global Jets ETF (JETS - Free Report)

This fund provides exposure to the global airline industry, including airline operators and manufacturers from all over the world, by tracking the U.S. Global Jets Index. In total, the product holds 35 securities that are heavily concentrated on the top four firms with a double-digit allocation each. Other firms hold no more than 4.1% share. The fund has gathered $70.1 million in its asset base. It charges investors 60 bps in annual fees but carries a Zacks ETF Rank #3 (Hold) with a High risk outlook.

Invesco Dynamic Food & Beverage ETF (PBJ - Free Report)

This product offers exposure to 30 companies engaged in the manufacture, sale or distribution of food and beverage products, agricultural products and products related to the development of new food technologies by tracking the Dynamic Food & Beverage Intellidex Index. The fund has amassed $70.6 million in its asset base, while trading in average daily volume of 8,000 shares. It charges 63 bps in annual fees from investors. This fund also has a Zacks ETF Rank #4 with a Medium risk outlook, underscoring that some pain might be in store though the event will definitely provide some relief.

View single page >> |

Disclosure: Zacks.com contains statements and statistics that have been obtained from sources believed to be reliable but are not guaranteed as to accuracy or completeness. References to any specific ...

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.


Leave a comment to automatically be entered into our contest to win a free Echo Show.