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ELCV - ETF AI Analysis
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Eventide High Dividend ETF (ELCV)
Rating:70Outperform
Price Target:―
Positive Factors
Strong Top Holdings
Several of the largest positions, like Prologis and Entergy, have delivered strong year-to-date performance, supporting the fund’s overall returns.
Sector Diversification
The ETF is spread across multiple sectors, including utilities, energy, and financials, which helps balance risks from sector-specific downturns.
Reasonable Expense Ratio
The fund’s expense ratio is relatively low compared to actively managed ETFs, making it cost-effective for investors.
Negative Factors
High U.S. Exposure
With nearly all assets focused on U.S. companies, the ETF lacks diversification across global markets.
Over-Concentration in Utilities and Energy
Utilities and energy sectors make up over 40% of the portfolio, increasing vulnerability to sector-specific risks.
Mixed Performance Among Holdings
While some holdings have performed well, others like Home Depot have lagged, slightly dampening overall returns.
ELCV vs. SPDR S&P 500 ETF (SPY)
AUM154.65M
RegionNorth America
Expense Ratio0.49%
Beta0.68
IssuerEventide
Inception DateSep 30, 2024
Dividend Yield2.29%
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume46,265
30 Day Avg. Volume30,994
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
30.14Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering46
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
ELCV Summary
The Eventide High Dividend ETF (ELCV) is designed for investors who want a steady income through high dividend-paying stocks. It includes companies from various sectors like utilities, energy, and financials, offering broad diversification. Some of its top holdings are well-known companies like Exxon Mobil and Home Depot. This ETF is ideal for those seeking reliable income and potential growth over time. However, new investors should be aware that the ETF’s performance can fluctuate with the overall market, and its focus on high-dividend stocks may not suit those looking for rapid growth.
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
The Eventide High Dividend ETF leans heavily on U.S.-based high-dividend stocks, with a notable tilt toward energy and utilities. American Express is a standout performer, riding strong revenue growth and strategic expansion, while Amgen also contributes positively with robust financials despite some debt concerns. On the flip side, Home Depot is lagging, weighed down by bearish technical trends and market headwinds. Energy names like Enbridge and Williams Co are also struggling to gain traction, dampening the fund’s momentum. Overall, the ETF’s sector diversity helps balance performance, but energy and utilities dominate its story.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Prologis | 5.52% | $8.61M | $122.09B | 23.94% | 76 Outperform | |
| Entergy | 4.48% | $6.99M | $40.73B | 19.69% | 66 Neutral | |
| Home Depot | 4.17% | $6.50M | $357.95B | -7.78% | 66 Neutral | |
| Amgen | 4.01% | $6.25M | $177.76B | 25.88% | 77 Outperform | |
| Huntington Bancshares | 3.81% | $5.94M | $29.09B | 15.29% | 80 Outperform | |
| American Express | 3.78% | $5.89M | $263.82B | 30.58% | 80 Outperform | |
| Williams Co | 3.64% | $5.67M | $74.68B | 10.14% | 76 Outperform | |
| Medtronic | 3.36% | $5.24M | $126.52B | 22.35% | 80 Outperform | |
| Exxon Mobil | 3.26% | $5.09M | $525.50B | 15.36% | 74 Outperform | |
| Nasdaq | 3.22% | $5.03M | $56.95B | 31.44% | 78 Outperform |
ELCV Technical Analysis
Positive
―
Price Trends
26.57
Positive
26.42
Positive
25.44
Positive
Market Momentum
0.13
Negative
58.04
Neutral
75.11
Neutral
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 26.77, equal to the 50-day MA of 26.57, and equal to the 200-day MA of 25.44, indicating a bullish trend. The MACD of 0.13 indicates Negative momentum. The RSI at 58.04 is Neutral, neither overbought nor oversold. The STOCH value of 75.11 is Neutral, 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
27.09
2.35
9.50%
FDV
Federated Hermes U.S. Strategic Dividend ETF
―
―
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TBG
TBG Dividend Focus ETF
―
―
―
HIDV
AB US High Dividend ETF
―
―
―
FDIV
MarketDesk Focused U.S. Dividend ETF
―
―
―
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.
Disclaimer
This 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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