2 Hours Ago
Income-seeking investors snapped up these ETFs in June to the tune of $1.6 billion, State Street says
Investors went into risk-on mode in the fixed income world in June, as exchange traded funds holding bank loans and collateralized loan obligations saw more than $1.6 billion in flows, State Street found.
The funds have seen 13 consecutive months with inflows, receiving more than $18 billion in that period, according to Matthew Bartolini, head of SPDR Americas Research at State Street Global Advisors.
Select offerings in the space tout 30-day SEC yields exceeding 6%.
Learn more about these higher yielding ETFS here.
–Darla Mercado
2 Hours Ago
Tesla notches 10 consecutive winning days
The electric vehicle maker posted a 3.7% gain on Tuesday, marking a 10th straight positive session for Tesla.
Since its last down day – June 24 – the stock has advanced roughly 43%. In the past month, the stock is up nearly 48%.
Even with the sharp run higher, shares are up a modest 5.6% in 2024, and they’re still off more than 4% in the past year.
This latest climb for Tesla was aided by the car manufacturer’s second-quarter production and deliveries report, posted just last week. Deliveries for the period came in at 443,956, compared to the 439,000 anticipated by analysts, per StreetAccount.
–Darla Mercado, Jason Gewirtz
3 Hours Ago
