4 Sector ETFs To Tap At New Highs

SPDR S&P Retail ETF (XRT - Free Report) – 52-Week Price: $51.97

This product offers concentrated exposure to the retail sector and tracks the S&P Retail Select Industry Index, holding 89 securities in its basket, with none accounting for more than 1.9% of assets. The fund has amassed $624.3 million in its asset base and charges 35 bps in annual fees. It sports a Zacks ETF Rank #1 with a Medium risk outlook.

The retail sector is getting a boost on strong earnings and back-to-school shopping spree. Additionally, the National Retail Federation last week raised its retail sales forecast to 4.5% from 3.8-4.4% for this year, citing higher wages, gains in disposable income, a strong job market and record-high household net worth.

Invesco S&P SmallCap Consumer Discretionary ETF (PSCD - Free Report) – 52-Week Price: $70.63

The fund targets the broad consumer discretionary space by tracking the S&P SmallCap 600 Capped Consumer Discretionary Index. It holds 102 securities in its basket with none accounting for more than 3% of the assets. The product has attracted $90.8 million in AUM and charges 29 bps in annual fees. It has a Zacks Rank #2 with a High-risk outlook.

The consumer discretionary sector looks solid at current levels given lofty savings and increasing take-home pay due to lower taxes that has increased the consumer power to spend more. This is turn led to higher demand for consumer discretionary products.

iShares U.S. Aerospace & Defense ETF (ITA - Free Report) – 52-Week Price: $207.47

This fund offers exposure to U.S. companies that manufacture commercial and military aircraft, and other defense equipment. It follows the Dow Jones U.S. Select Aerospace & Defense Index, holding 38 stocks in its basket with double-digit exposure to Boeing (BA - Free Report). The ETF has amassed $5.7 billion in AUM and charges 43 bps in fees a year. It has a Zacks Rank #2 with a Medium risk outlook.

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Barry Hochhauser 2 years ago Member's comment

I have my eyes on $PEP. Especially with their acquisition of $SODA. A smart move as healthier drink options are becoming increasingly more important.