Noteworthy Wednesday Option Activity: NVTA, DNKN, UPS

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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Invitae Corp (Symbol: NVTA), where a total of 1,390 contracts have traded so far, representing approximately 139,000 underlying shares. That amounts to about 40.8% of NVTA’s average daily trading volume over the past month of 340,280 shares. Particularly high volume was seen for the $5 strike call option expiring June 16, 2017 , with 596 contracts trading so far today, representing approximately 59,600 underlying shares of NVTA. Below is a chart showing NVTA’s trailing twelve month trading history, with the $5 strike highlighted in orange:

Loading+chart++2017+TickerTech.com

Dunkin’ Brands Group Inc (Symbol: DNKN) saw options trading volume of 4,640 contracts, representing approximately 464,000 underlying shares or approximately 40.7% of DNKN’s average daily trading volume over the past month, of 1.1 million shares. Particularly high volume was seen for the $55 strike call option expiring March 17, 2017 , with 2,029 contracts trading so far today, representing approximately 202,900 underlying shares of DNKN. Below is a chart showing DNKN’s trailing twelve month trading history, with the $55 strike highlighted in orange: Loading+chart++2017+TickerTech.com And United Parcel Service Inc (Symbol: UPS) saw options trading volume of 10,152 contracts, representing approximately 1.0 million underlying shares or approximately 40.6% of UPS’s average daily trading volume over the past month, of 2.5 million shares. Especially high volume was seen for the $120 strike call option expiring February 10, 2017 , with 1,177 contracts trading so far today, representing approximately 117,700 underlying shares of UPS. Below is a chart showing UPS’s trailing twelve month trading history, with the $120 strike highlighted in orange: Loading+chart++2017+TickerTech.com For the various different available expirations for NVTA options , DNKN options , or UPS options , visit StockOptionsChannel.com.

Today’s Most Active Call & Put Options of the S&P 500 »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


Notable Wednesday Option Activity: INTC, TTWO, FDML

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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Intel Corp (Symbol: INTC), where a total of 100,872 contracts have traded so far, representing approximately 10.1 million underlying shares. That amounts to about 53.8% of INTC’s average daily trading volume over the past month of 18.7 million shares. Particularly high volume was seen for the $38 strike call option expiring February 10, 2017 , with 31,678 contracts trading so far today, representing approximately 3.2 million underlying shares of INTC. Below is a chart showing INTC’s trailing twelve month trading history, with the $38 strike highlighted in orange:

Loading+chart++2017+TickerTech.com

Take-Two Interactive Software, Inc. (Symbol: TTWO) saw options trading volume of 5,285 contracts, representing approximately 528,500 underlying shares or approximately 53.8% of TTWO’s average daily trading volume over the past month, of 983,210 shares. Particularly high volume was seen for the $55 strike call option expiring February 17, 2017 , with 5,059 contracts trading so far today, representing approximately 505,900 underlying shares of TTWO. Below is a chart showing TTWO’s trailing twelve month trading history, with the $55 strike highlighted in orange: Loading+chart++2017+TickerTech.com And Federal-Mogul Holdings Corp (Symbol: FDML) options are showing a volume of 580 contracts thus far today. That number of contracts represents approximately 58,000 underlying shares, working out to a sizeable 52.9% of FDML’s average daily trading volume over the past month, of 109,570 shares. Especially high volume was seen for the $10 strike call option expiring July 21, 2017 , with 500 contracts trading so far today, representing approximately 50,000 underlying shares of FDML. Below is a chart showing FDML’s trailing twelve month trading history, with the $10 strike highlighted in orange: Loading+chart++2017+TickerTech.com For the various different available expirations for INTC options , TTWO options , or FDML options , visit StockOptionsChannel.com.

Today’s Most Active Call & Put Options of the S&P 500 »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


Which Of The Latest 13F Filers Holds IBM?

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At Holdings Channel , we have reviewed the latest batch of the 20 most recent 13F filings for the 12/31/2016 reporting period, and noticed that International Business Machines Corp. (Symbol: IBM) was held by 12 of these funds. When hedge fund managers appear to be thinking alike, we find it is a good idea to take a closer look.

Before we proceed, it is important to point out that 13F filings do not tell the whole story, because these funds are only required to disclose their long positions with the SEC, but are not required to disclose their short positions. A fund making a bearish bet against a stock by shorting calls, for example, might also be long some amount of stock as they trade around their overall bearish position. This long component could show up in a 13F filing and everyone might assume the fund is bullish, but this tells only part of the story because the bearish/short side of the position is not seen .

Having given that caveat, we believe that looking at groups of 13F filings can be revealing, especially when comparing one holding period to another. Below, let’s take a look at the change in IBM positions, for this latest batch of 13F filers:

In terms of shares owned, we count 2 of the above funds having increased existing IBM positions from 09/30/2016 to 12/31/2016, with 7 having decreased their positions. Looking beyond these particular funds in this one batch of most recent filers, we tallied up the IBM share count in the aggregate among all of the funds which held IBM at the 12/31/2016 reporting period (out of the 4,123 we looked at in total). We then compared that number to the sum total of IBM shares those same funds held back at the 09/30/2016 period, to see how the aggregate share count held by hedge funds has moved for IBM. We found that between these two periods, funds reduced their holdings by 6,090,461 shares in the aggregate, from 549,005,751 down to 542,915,290 for a share count decline of approximately -1.11%. The overall top three funds holding IBM on 12/31/2016 were:

We’ll keep following the latest 13F filings by hedge fund managers and bring you interesting stories derived from a look at the aggregate information across groups of managers between filing periods. While looking at individual 13F filings can sometimes be misleading due to the long-only nature of the information, the sum total across groups of funds from one reporting period to another can be a lot more revealing and relevant, providing interesting stock ideas that merit further research, like International Business Machines Corp. (Symbol: IBM).

10 S&P 500 Components Hedge Funds Are Buying »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


Hawkish Fed Fails to Spook Dow Jones Industrial Average

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The  Dow Jones Industrial Average (DJIA)  explored a relatively narrow range of 77 points, as traders awaited — then digested — the minutes from December’s Federal Reserve meeting. Specifically, the minutes suggested a more hawkish tone from some Fed officials, who said the current plan of “gradual” interest-rate increases may not be enough. Among the risks the Fed cited that could “call for a different path of policy than currently expected” was the unemployment rate, bringing this Friday’s jobs report on the immediate radar. Nevertheless, stocks managed to claw a bit higher late in the session — with the S&P 500 Index (SPX) briefly surpassing its record closing high — although the much-watched Dow 20,000 level continued to play hard to get.

Continue reading for more on today’s market, including:

The  Dow Jones Industrial Average (DJIA – 19,942.16) added 60.4 points, or 0.3%. Nike Inc ( NKE ) paced the gainers for a second straight day, adding 2.1%, as 17 of 30 blue-chip components ended in positive territory. Leading the laggards, meanwhile, was gas stock Exxon Mobil Corporation ( XOM ), which closed down 1.1%. 

The  S&P 500 Index (SPX – 2,270.75)  gained 12.9 points, or 0.6%. The  Nasdaq Composite (COMP – 5,477.01) climbed 47.9 points, or 0.9%.

The  CBOE Volatility Index (VIX – 11.85)  dropped exactly 1 point, or 7.8%.

indexes closing summary jan 4
nyse and nasdaq stats jan 4

5 Items on Our Radar Today

  1. Tech titan Apple Inc. ( AAPL ) confirmed this afternoon that it will invest $1 billion in a fund for tech development set up by Japan-based SoftBank — which will reportedly invest at least $25 billion itself. A spokesperson from Apple stated, “We believe their new fund will speed the development of technologies which may be strategically important to Apple.” ( Reuters )

  2. It’s been a bad day for public transportation. Two trolleys run by the Southeastern Pennsylvania Transportation Authority (SEPTA) collided in Philadelphia this afternoon, injuring no fewer than 46 people . This follows the derailment of a Long Island Rail Road train in Brooklyn, which left at least 103 injured this morning. ( CNBC )

  3. Strong December sales gave these 2 automakers a lift. 
  4. The key resistance level we’re watching on Kroger Co ( KR ).
  5. See why this drugmaker shed nearly 50% today — and why this sector peer tacked on over 50%.

unusual options activity jan 4
Data courtesy of Trade-Alert

Commodities:

Crude oil rose today on expectations that tomorrow’s weekly crude stockpiles report will show the first week-over-week decline in domestic inventories since Dec. 9. February-dated crude finished the day up 93 cents, or 1.8%, at $53.26 per barrel.

Gold for February delivery also managed a positive session, adding $3.30, or 0.3%, to close at $1,165.30, as the U.S. dollar pulled back from Tuesday’s 14-year highs. The malleable metal extended these gains in the afternoon, following the release of the Fed minutes.

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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.


MSCI Breaks Above 200-Day Moving Average – Bullish for MSCI

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In trading on Wednesday, shares of MSCI Inc (Symbol: MSCI) crossed above their 200 day moving average of $80.07, changing hands as high as $81.10 per share. MSCI Inc shares are currently trading up about 2.6% on the day. The chart below shows the one year performance of MSCI shares, versus its 200 day moving average: MSCI Inc 200 Day Moving Average Chart

Looking at the chart above, MSCI’s low point in its 52 week range is $62.17 per share, with $90.79 as the 52 week high point – that compares with a last trade of $80.79. According to the ETF Finder at ETF Channel, MSCI makes up 2.17% of the SPDR S&P Capital Markets ETF (Symbol: KCE) which is trading higher by about 2.4% on the day Wednesday.

Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


Physicians Realty Trust Named Top Dividend Stock With Insider Buying and 4.81% Yield (DOC)

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In this series, we look through the most recent Dividend Channel ”DividendRank” report, and then we cherry pick only those companies that have experienced insider buying within the past six months. The officers and directors of a company tend to have a unique insider’s view of the business, and presumably the only reason an insider would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money – maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So when stocks turn up that see insider buying, and are also top ranked, investors are wise to take notice. One such company is Physicians Realty Trust (Symbol: DOC), which saw buying by Director Tommy G. Thompson.

Back on November 23, Thompson invested $37,905.00 into 2,100 shares of DOC, for a cost per share of $18.05. In trading on Wednesday, shares were changing hands as low as $18.70 per share, which is 3.6% above Thompson’s purchase price. It should be noted that Thompson has collected $0.23/share in dividends since the time of their purchase, so they are currently up 4.9% on their purchase from a total return basis. Physicians Realty Trust shares are currently trading +1.60% on the day. The chart below shows the one year performance of DOC shares, versus its 200 day moving average:

Physicians Realty Trust Chart Looking at the chart above, DOC’s low point in its 52 week range is $15.41 per share, with $22.03 as the 52 week high point – that compares with a last trade of $19.02. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
08/17/2016 Albert Black Jr. Director 988 $20.74 $20,490.36
11/10/2016 Albert Black Jr. Director 4,439 $17.50 $77,661.62
11/17/2016 Tommy G. Thompson Director 14,400 $18.04 $259,776.00
11/23/2016 Tommy G. Thompson Director 2,100 $18.05 $37,905.00

The DividendRank report noted that among the coverage universe, DOC shares displayed both attractive valuation metrics and strong profitability metrics. For example, the recent DOC share price of $18.74 represents a price-to-book ratio of 1.5 and an annual dividend yield of 4.81% – by comparison, the average company in Dividend Channel’s coverage universe yields 4.0% and trades at a price-to-book ratio of 2.5. The report also cited the strong quarterly dividend history at Physicians Realty Trust, and favorable long-term multi-year growth rates in key fundamental data points. The report stated, ” Dividend investors approaching investing from a value standpoint are generally most interested in researching the strongest most profitable companies, that also happen to be trading at an attractive valuation. That’s what we aim to find using our proprietary DividendRank formula, which ranks the coverage universe based upon our various criteria for both profitability and valuation, to generate a list of the top most ‘interesting’ stocks, meant for investors as a source of ideas that merit further research. ” The annualized dividend paid by Physicians Realty Trust is $0.90/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 01/03/2017. Below is a long-term dividend history chart for DOC, which the report stressed as being of key importance. Indeed, studying a company’s past dividend history can be of good help in judging whether the most recent dividend is likely to continue. DOC+Dividend+History+Chart

The Top DividendRank’ed Stocks With Insider Buying »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


5 Best Dividend Mutual Funds for 2017

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The stock market started off on weak note in 2016, with erratic share price movements irking investors especially in January and February. After gaining some stability, the markets were quite a snoozer until the election. The stocks, however, ended the year strongly on expectations that there may be more business-friendly developments in Washington, with President-elect Donald Trump’s policies propelling growth as well as inflation.

His plans to cut corporate taxes, reduce costly business regulations and spend heavily on rebuilding aging U.S. infrastructure are viewed as major positives for U.S. companies. However, of late, there have been indications of harsher trade policies from the Trump camp, which might eventually jeopardize the bullish sentiment. Needless to say, Trump’s market-friendly policies is turning the broader market into one giant bubble, raising possibilities of disenchantment for investors in the near term. Moreover, last year has been the most volatile in the recent past, with a historic election not only in the U.S. but also in Britain and Italy. Given such widespread uncertainty, income seeking investors should look for funds that are exposed to stocks providing handsome dividends.

Trade Policy May Hit Stocks, Valuation Risk

By naming China hawk Peter Navarro as head of a newly formed White House National Trade Council, the Trump administration has clearly indicated that the plan of imposing tax on imports is on track. Navarro along with Trump’s pick for commerce secretary, Wilbur Ross, favor border adjustment tax that is also included in House Speaker Paul Ryan’s “Better Way” tax-reform blueprint.

If such a tax gets implemented, economists at Deutsche Bank AG DB estimate that inflation will cross the Fed’s desired target level of 2% and push the dollar up by about 15%. This in turn will result in negative earnings revision for the S&P 500 and will be a deterrent to economic growth.  Meanwhile, ICE dollar index touched levels last seen in 2002 on Jan 3 after stronger-than-expected manufacturing data added to the buck’s uptrend. A stronger dollar hammers profits at U.S. multinationals as prices of goods and services escalate.

Trump’s market-friendly policies also helped major indices scale to record highs. However, this has made stocks substantially pricier from a valuation perspective. This warns us that the markets might be approaching the overbought region which will either be corrected by going sideways or lower. 

Geopolitical Tension

From a geopolitical perspective, election of Trump as U.S. president has intensified anxieties, with the outspoken, real-estate mogul planning to “greatly strengthen and expand” the country’s nuclear capabilities, raising the possibility of a Cold War-era style arms race. His tweets on potentially massive changes to U.S. policy on China also raise uncertainty for the economy. Apart from the possible Trump move, economic growth in China also remains uncertain.

The impact of the fallout of U.K from the European Union (EU), historic election in Italy and other populist movements in Europe on the broader markets is also unknown. There is possibility of a ‘Nexit’ – Netherlands leaving the Eurozone – as well. Opting out of the EU will benefit the Dutch in a number of ways including relaxed regulations and reduced spending on immigrants.

Top 5 Dividend Mutual Funds to Buy Now

Thanks to the aforementioned factors, this year is certainly cast into uncertainty, which calls for investing in dividend paying mutual funds. Companies that pay consistent dividends put a ceiling on economic uncertainty. These companies have steady cash flows and are mostly financially stable and mature companies, which help their stock prices to increase gradually over a period of time.  Moreover, dividends are less taxed as compared to interest income which helps your portfolio grow at a compounded rate and offer protection against earnings manipulation.

We have selected five mutual funds that offer a promising year-to-date dividend yield, have given impressive 3-year and 5-year annualized returns, boast a Zacks Mutual Fund Rank #1 (Strong Buy) or 2 (Buy), offer a minimum initial investment within $5,000 and carry a low expense ratio.

The question here is why should investors consider mutual funds? Reduced transaction costs and diversification of portfolios without the several commission charges that are associated with stock purchases are the primary reasons why one should be parking their money in mutual funds (read more: Mutual Funds: Advantages, Disadvantages, and How They Make Investors Money ).

Vanguard Dividend Appreciation Index Investor VDAIX seeks to track the performance of a benchmark index that measures the investment return of common stocks of companies that have a record of increasing dividends over time. VDAIX’s year-to-date dividend yield is 1.94%. The fund’s 3-year and 5-year annualized returns are 6.5% and 11.6%, respectively. Annual expense ratio of 0.19% is lower than the category average of 1.01%. VDAIX has a Zacks Mutual Fund Rank #1.

Vanguard High Dividend Yield Index Investor VHDYX employs an indexing investment approach designed to track the performance of the FTSE High Dividend Yield Index. The fund’s year-to-date dividend yield is 2.83%. VHDYX’s 3-year and 5-year annualized returns are 10% and 14.2%, respectively. Annual expense ratio of 0.16% is lower than the category average of 1.07%. VHDYX has a Zacks Mutual Fund Rank #1.

Fidelity Strategic Dividend & Income FSDIX invests the fund’s assets with a focus on equity securities that pay current dividends. FSDIX’s year-to-date dividend yield is 2.57%. The fund’s 3-year and 5-year annualized returns are 8.1% and 11.3%, respectively. Annual expense ratio of 0.75% is below the category average of 0.87%. FSDIX has a Zacks Mutual Fund Rank #2.

Fidelity Dividend Growth FDGFX invests primarily in companies that pay dividends or those that Fidelity Management & Research Company believes have the potential to pay dividends in the future. FDGFX’s year-to-date dividend yield is 1.47%. The fund’s 3-year and 5-year annualized returns are 6.4% and 13.4%, respectively. Annual expense ratio of 0.61% is lower than the category average of 1.01%. FDGFX has a Zacks Mutual Fund Rank #2.

T. Rowe Price Dividend Growth PRDGX invests at least 65% of its total assets in dividend-paying common stocks that have favorable prospects for increasing dividends and long-term appreciation. PRDGX’s year-to-date dividend yield is 1.19%.  The fund’s 3-year and 5-year annualized returns are 8.8% and 13.9%, respectively. Annual expense ratio of 0.64% is lower than the category average of 1.01%. PRDGX has a Zacks Mutual Fund Rank #1.

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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.


Focus on T. Rowe Price Small-Cap Value Fund (PRSVX)

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T. Rowe Price Small-Cap Value Fund ( PRSVX ) seeks long-term capital growth by investing primarily in small companies whose common stocks are believed to be undervalued. PRSVX invests at least 80% of its net assets in companies with a market capitalization that is within or below the range of companies in the Russell 2000 Index. PRSVX offers dividends and capital gains in December.

This Small Value product has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 6.4% and 5 year 13.2%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here .

PRSVX’s performance, as of the last filing, when compared to funds in its category was in the top 8% over the past 1 year, and in the top 33% over the past 3 years and in the top 37% over the past 5 years.

The T. Rowe Price Small-Cap Value fund, as of the last filing, allocates their fund in two major groups; Small Value and Large Value. Further, as of the last filing, PNM Resources, Home Bancshares and Proassurance Corp were the top holdings for PRSVX.

This Zacks Rank #1 (Strong Buy) was incepted in June 1988 and is managed by T. Rowe Price . PRSVX carries an expense ratio of 0.80% and requires a minimal initial investment of $2,500.

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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.


Time to Buy Vanguard International Growth Investor Fund (VWIGX)

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Vanguard International Growth Investor Fund ( VWIGX ) seeks long-term growth of capital. VWIGX invests in stocks of high-quality, seasoned companies based outside the United States. The core of VWIGX, constituting 60% to 70% of its assets, consists of companies with sustainable competitive advantages and strong prospects for long-term growth. To supplement its core holdings and boost its allocations to particularly attractive markets, the fund also invests in large stocks in those markets that are expected to have particularly strong near-term returns.

This Non US – Equity product has a history of positive total returns for over 10 years. Specifically, the fund’s return over the 5 year benchmark is 6.3%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here .

VWIGX’s performance, as of the last filing, when compared to funds in its category was in the top 43% over the past 1 year, and in the top 25% over the past 3 years and in the top 21% over the past 5 years.

The Vanguard International Growth Investor fund, as of the last filing, allocates their fund in three major groups; Foreign Stock, Large Growth and Emerging Market. Further, as of the last filing, Tencent Holdings Ltd, Alibaba Group Holding Ltd and AIA Group Ltd were the top holdings for VWIGX.

This Zacks Rank #1 (Strong Buy) was incepted in September 1981 and is managed by Vanguard Group . VWIGX carries an expense ratio of 0.46% and requires a minimal initial investment of $3,000.

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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.


Look at American Century Equity Income Investor Fund (TWEIX)

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American Century Equity Income Investor Fund ( TWEIX ) seeks current income. Capital appreciation is a secondary goal. TWEIX invests in stocks of undervalued companies and holds them until their stock price has increased to, or is higher than, a level the managers believe more accurately reflects the fair value of the company. TWEIX invests in real estate securities. These securities include share of real estate investment trusts and companies engaged in the real estate industry.

This Large Value product has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 10.1% and 5 year 12.5%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here .

TWEIX’s performance, as of the last filing, when compared to funds in its category was in the top 1% over the past 1 year, and in the top 3% over the past 3 years and in the top 19% over the past 5 years.

The American Century Equity Income Investor fund, as of the last filing, allocates their fund in four major groups; Large Value, Large Growth, Emerging Market and Precious Metal. Further, as of the last filing, iShares Russell 1000 Value Index, Johnson & Johnson and SPDR S&P 500 Trust ETF were the top holdings for TWEIX.

This Zacks Rank #2 (Buy) was incepted in August 1994 and is managed by American Cent . TWEIX carries an expense ratio of 0.94% and requires a minimal initial investment of $2,500.

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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.