For investors seeking momentum, the WBI BullBear Quality 3000 ETF WBIL is probably on the radar now. The fund just hit a 52-week high and jumped 54.7% from its 52-week low price of $24.28 per share.
But are there more gains in store for this ETF? Let’s take a quick look at the fund and its near-term outlook to get a better sense of where it might head.
WBIL in Focus
This is an actively managed fund that aims to deliver long-term capital appreciation while also offering the potential for current income. The product charges 155 basis points (bps) in annual fees (See: All World ETFs here).
What Led to the Rise?
The WBIL fund recently reached a 52-week high, as its quality-focused strategy has resonated well in the current market environment. As an actively managed fund, WBIL targets stocks with strong fundamentals. Amid economic uncertainty, investors often rotate into high-quality companies with durable cash flows, as these businesses provide a defensive, safe-haven approach.
More Gains Ahead?
WBIL may continue its strong performance in the near term, with a positive weighted alpha of 54.71 (as per Barchart.com), which suggests a further rally.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
