Pacer Industrials and Logistics ETF tracks the Pacer Global Supply Chain Infrastructure Index, which aims to offer investors exposure to globally-listed stocks and depositary receipts involved in the support and functioning of global distribution supply chains.
#FEDEX TAP FORMS FREE#
Pacer Industrials and Logistics ETF ( SHPP Quick Quote SHPP - Free Report) It holds 28 stocks in its basket, with FedEx occupying the sixth position at 4.1% share (read: Forget Tech Drag, Buy Sector ETFs Supporting S&P 500 Earnings).ĪdvisorShares Drone Technology ETF has accumulated $0.5 million in its asset base and trades in a meager volume of under 500 shares. FTXR has a Zacks ETF Rank #2.ĪdvisorShares Drone Technology ETF ( UAV Quick Quote UAV - Free Report)ĪdvisorShares Drone Technology ETF seeks to invests in the U.S.-listed equities of domestic and global companies believed to have dominant market positions with unique opportunities for growth and expansion in the drone and autonomous vehicles (AV) ecosystems. The average trading volume is light at 16,000 shares.
Railroads, airlines, trucking, and auto parts make up for double-digit allocation each.įirst Trust Nasdaq Transportation ETF has amassed $51.9 million in its asset base and charges 60 bps in annual fees. FedEx occupies the sixth position in the basket with a 4.7% share. transportation securities based on volatility, value and growth by tracking the Nasdaq US Smart Transportation Index.
It charges 58 bps in fees per year from investors.įirst Trust Nasdaq Transportation ETF ( FTXR Quick Quote FTXR - Free Report)įirst Trust Nasdaq Transportation ETF offers exposure to the 30 most-liquid U.S. ProShares Supply Chain Logistics ETF has AUM of $1.8 million and trades in volume of 500 shares per day. ProShares Supply Chain Logistics ETF holds 41 stocks in its basket, with FedEx making up for the third spot with 4.9% of the assets. It follows the FactSet Supply Chain Logistics Index, charging investors 58 bps in annual fees. These logistics companies include leading global shipping, railroad, air and trucking companies that collectively touch every point of the supply chain. ProShares Supply Chain Logistics ETF is the first ETF focused exclusively on the companies poised to potentially benefit from the transformation of how raw materials and goods move around the world. ProShares Supply Chain Logistics ETF ( SUPL Quick Quote SUPL - Free Report) The fund charges 39 bps in fees per year and has a Zacks ETF Rank #2 (Buy) with a High risk outlook (read: Inflation Cools Down in February: ETFs to Consider). Transportation ETF has accumulated $721.4 million in AUM while seeing a good trading volume of around 173,000 shares a day. Within the transportation sector, air freight and logistics, and railroads take the top two spots with 32.6% and 28.4% share, respectively, while trucking (23%) and airlines (14.2%) round off the next two. Of these, FedEx takes the fifth spot and makes up for 5.3% of the assets. Transportation ETF tracks the S&P Transportation Select Industry FMC Capped Index, giving investors exposure to a small basket of 49 securities. Transportation ETF ( IYT Quick Quote IYT - Free Report)
FedEx is making good progress on its plan to save $3.7 billion in costs from its global delivery business (see: all the Industrials ETFs here). The parcel company lifted its fiscal 2023 earnings guidance to $13.80-$14.40 from $12.50-$13.50 despite weak market conditions. The company’s cost-cutting efforts are paying off and helping it to offset ongoing demand weakness. Revenues fell 6% year over year to $22.2 billion and were also shy of the estimated $22.6 billion. Įarnings per share came in at $3.41, beating the Zacks Consensus Estimate of $2.67 but declining from the year-ago earnings of $4.59 per share. Transportation ETF ( IYT Quick Quote IYT - Free Report), ProShares Supply Chain Logistics ETF ( SUPL Quick Quote SUPL - Free Report), First Trust Nasdaq Transportation ETF ( FTXR Quick Quote FTXR - Free Report), AdvisorShares Drone Technology ETF ( UAV Quick Quote UAV - Free Report) and Pacer Industrials and Logistics ETF ( SHPP Quick Quote SHPP - Free Report). Investors can tap the strength with ETFs, with the highest allocation to FedEx. It, however, missed on the revenue front.ĭriven by solid results, FDX shares jumped by more than 11% in after-market trade. The courier company topped earnings estimates and lifted its full-year outlook. After the closing bell on Mar 16, transport bellwether FedEx ( FDX Quick Quote FDX - Free Report) delivered stellar third-quarter fiscal 2023 results.
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