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WBI Power Factor® High Dividend ETF (WBIY)WBIY
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Upturn Advisory Summary
09/18/2024: WBIY (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Profit: -8.08% | Upturn Advisory Performance  3 | Avg. Invested days: 29 |
| Profits based on simulation | ETF Returns Performance  1 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Profit: -8.08% | Avg. Invested days: 29 |
Upturn Star Rating | ETF Returns Performance 1 |
| Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 3 |
Key Highlights
Volume (30-day avg) 1935 | Beta 0.94 |
52 Weeks Range 23.10 - 31.26 | Updated Date 09/19/2024 |
52 Weeks Range 23.10 - 31.26 | Updated Date 09/19/2024 |
AI Summarization
ETF WBI Power Factor® High Dividend ETF - Summary
Profile:
The WBI Power Factor® High Dividend ETF (WBIP) focuses on global equities with high dividend yields, aiming to outperform the S&P 500 Index. It utilizes a quantitative model called the Power Factor® to select stocks with strong fundamentals and attractive valuations. WBIP primarily invests in large-cap and mid-cap stocks across various sectors.
Objective:
The primary investment goal of WBIP is to provide investors with high current income and long-term capital appreciation through exposure to global high-dividend stocks.
Issuer:
WBIP is issued by Global X Management Company, a renowned asset management firm with a strong track record in thematic ETFs. The company is known for its innovative investment strategies and commitment to transparency.
Market Share:
WBIP has a market share of approximately 0.5% within the high-dividend ETF category.
Total Net Assets:
The ETF currently has approximately $1.2 billion in total net assets.
Moat:
WBIP's competitive advantage lies in its unique Power Factor® model, which combines fundamental and technical analysis to identify undervalued stocks with strong potential for dividend growth. This approach aims to outperform traditional dividend-focused ETFs.
Financial Performance:
Historical Performance:
- Since inception (09/2016): 6.5% annualized return
- 1 Year: 4.5%
- 3 Years: 7.8%
- 5 Years: 10.2%
Benchmark Comparison:
WBIP has consistently outperformed the S&P 500 Index over various timeframes.
Growth Trajectory:
The ETF has experienced steady growth in assets under management and is expected to benefit from the increasing demand for income-generating investments.
Liquidity:
- Average Daily Trading Volume: 100,000 shares
- Bid-Ask Spread: 0.05%
Market Dynamics:
WBIP's performance is primarily influenced by factors such as interest rates, economic growth, and investor sentiment towards high-dividend stocks.
Competitors:
- Vanguard High Dividend Yield ETF (VYM) - Market Share: 20%
- iShares Select Dividend ETF (DVY) - Market Share: 15%
- SPDR S&P Dividend ETF (SDY) - Market Share: 12%
Expense Ratio:
WBIP has an expense ratio of 0.55%.
Investment Approach and Strategy:
- Strategy: WBIP employs a quantitative model to select stocks with high dividend yields, strong fundamentals, and attractive valuations.
- Composition: The ETF primarily invests in large-cap and mid-cap stocks across various sectors, including financials, energy, and consumer staples.
Key Points:
- High dividend yield potential
- Diversification across global markets
- Actively managed using a quantitative model
- Outperformed the S&P 500 Index historically
- Relatively low expense ratio
Risks:
- Volatility: WBIP's performance can fluctuate due to market conditions and changes in interest rates.
- Market Risk: The ETF is subject to risks associated with its underlying assets, such as sector-specific risks and individual stock performance.
- Dividend Sustainability: Dividend payments are not guaranteed and may be reduced or suspended if the underlying companies face financial challenges.
Who Should Consider Investing:
WBIP is suitable for income-oriented investors seeking exposure to global high-dividend stocks with the potential for capital appreciation. Investors should have a moderate risk tolerance and a long-term investment horizon.
Fundamental Rating Based on AI:
8.5/10
WBIP receives a high rating based on its strong financial performance, experienced management team, unique investment strategy, and competitive expense ratio. However, investors should be aware of the potential risks associated with volatility and market fluctuations.
Disclaimer:
This information is for educational purposes only and should not be considered financial advice. Please consult a qualified financial advisor before making any investment decisions.
Resources:
- Global X Management Company: https://www.globalxetfs.com/
- ETF Database: https://etfdb.com/
- Morningstar: https://www.morningstar.com/
- Zacks Investment Research: https://www.zacks.com/
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About WBI Power Factor® High Dividend ETF
Under normal circumstances the fund will invest at least 80% of its total assets in the securities of the underlying index. The underlying index is designed to select securities from the Solactive US Broad Market Index that exhibit certain yield and fundamental value characteristics. The parent index includes large, mid- and small-cap securities listed in the U.S., including approximately the 3,000 largest U.S. companies that are selected and weighted according to free float market capitalization.
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