ELCV - ETF AI Analysis
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Eventide High Dividend ETF (ELCV)
Rating:69Neutral
Price Target:―
Positive Factors
Broad Sector Diversification
The fund spreads its investments across several sectors like energy, utilities, financials, health care, and technology, which helps reduce the impact if any one area of the market struggles.
Generally Strong Top Holdings
Most of the largest positions, including companies in real estate, utilities, retail, health care, and energy, have shown positive performance this year, supporting the ETF’s overall returns.
Positive Recent Performance
The ETF has delivered steady gains over the past month, three months, and year to date, suggesting its strategy has been working in the current market environment.
Negative Factors
High U.S. Concentration
Almost all of the fund’s assets are invested in U.S. companies, which limits the benefits of international diversification and ties performance closely to the U.S. economy.
Above-Average Expense Ratio
The fund’s fee is on the higher side for an ETF, which means more of the returns are used to cover costs instead of going to investors.
Mixed Performance Among Top Holdings
While most major positions have done well, at least one significant holding has been weak this year, which can drag on overall performance if that continues.
ELCV vs. SPDR S&P 500 ETF (SPY)
AUM167.28M
RegionNorth America
Expense Ratio0.49%
Beta0.63
IssuerEventide
Inception DateSep 30, 2024
Dividend Yield1.93%
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume26,393
30 Day Avg. Volume31,165
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
32.20Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering47
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
ELCV Summary
The Eventide High Dividend ETF (ELCV) is an actively managed fund that focuses on U.S. companies that pay relatively high dividends, aiming to provide investors with a steady income stream. It doesn’t track a specific index, but spreads investments across many sectors, including energy, utilities, financials, and health care. Well-known holdings include Exxon Mobil and Home Depot. Someone might consider ELCV if they want regular dividend income plus some potential for long-term growth and diversification across industries. A key risk is that stock prices and dividend payments can go up or down with the overall market and the economy.
How much will it cost me?The Eventide High Dividend ETF (ELCV) has an expense ratio of 0.49%, meaning you’ll pay $4.90 per year for every $1,000 invested. This is slightly higher than average because it is actively managed, focusing on selecting high-dividend stocks to maximize income and growth potential.
What would affect this ETF?The Eventide High Dividend ETF (ELCV) could benefit from stable or rising interest in dividend-paying stocks, particularly in sectors like Utilities and Energy, which are traditionally resilient during economic uncertainty. However, it may face challenges if interest rates rise significantly, as higher rates can make dividend-focused investments less attractive compared to fixed-income alternatives. Additionally, sector-specific risks, such as regulatory changes in Energy or Financials, could impact performance.
ELCV Top 10 Holdings
ELCV leans heavily on U.S. dividend payers, with energy and utilities setting the tone. Exxon Mobil and Williams Co are doing the heavy lifting, riding strong momentum in the energy patch, while Enbridge adds a steady midstream backbone. On the defensive side, Amgen and Royalty Pharma are quietly contributing from health care, offering a mix of income and growth. Offsetting that strength, Home Depot, Huntington Bancshares, and Medtronic have been lagging, acting like a bit of an anchor on returns. Overall, it’s a U.S.-centric, income-first portfolio with an energy tilt.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Prologis | 5.21% | $8.65M | $126.73B | 48.42% | 76 Outperform | |
| Entergy | 4.99% | $8.29M | $51.58B | 44.12% | 66 Neutral | |
| Williams Co | 4.26% | $7.08M | $90.54B | 36.28% | 76 Outperform | |
| Exxon Mobil | 4.24% | $7.04M | $682.97B | 62.66% | 74 Outperform | |
| Amgen | 4.06% | $6.75M | $183.28B | 21.32% | 77 Outperform | |
| Enbridge | 3.40% | $5.65M | $119.11B | 32.34% | ― | |
| Home Depot | 3.39% | $5.63M | $317.50B | -4.91% | 66 Neutral | |
| Royalty Pharma | 3.18% | $5.29M | $27.04B | 52.50% | 79 Outperform | |
| Huntington Bancshares | 2.98% | $4.96M | $32.23B | 27.14% | 80 Outperform | |
| Medtronic | 2.84% | $4.72M | $110.95B | 5.54% | 80 Outperform |
ELCV Technical Analysis
Positive
―
Price Trends
28.89
Positive
27.81
Positive
26.83
Positive
Market Momentum
0.03
Negative
54.73
Neutral
84.98
Negative
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For ELCV, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 28.85, equal to the 50-day MA of 28.89, and equal to the 200-day MA of 26.83, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 54.73 is Neutral, neither overbought nor oversold. The STOCH value of 84.98 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ELCV.
ELCV Peer Comparison
Comparison Results
Performance Comparison
ELCV
Eventide High Dividend ETF
29.25
6.94
31.11%
FDV
Federated Hermes U.S. Strategic Dividend ETF
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―
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TBG
TBG Dividend Focus ETF
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―
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HIDV
AB US High Dividend ETF
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―
―
FDIV
MarketDesk Focused U.S. Dividend ETF
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―
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DIVY
Sound Equity Income ETF
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
DisclaimerThis AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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