Best Oversold ETFs for April 2023
iShares Select Dividend ETF (DVY) Analysis
First is the iShares Select Dividend ETF (DVY). This fund is full of high dividend paying equities and sports a forward dividend yield of 3.61%.
Below you can see how the ETF has come under pressure. Recent red bars indicate the fund was falling as volumes were picking up. This can lead to potential oversold opportunities.
Now, keep in mind that ETFs are a basket of stocks. DVY has quite a few holdings that have long histories of success and dividend growth. One example is Exxon Mobile Corp. (XOM).
Notice how the stock has many green signals. Heavy demand has kept this stock in an uptrend:
Exxon is a quality stock that has rewarded investors for decades. Overall market pressure on great stocks can be an opportunity.
Schwab U.S. Dividend Equity ETF (SCHD) Analysis
Next up is the Schwab U.S. Dividend Equity ETF (SCHD). This fund’s objective is to track the Dow Jones U.S. Dividend 100 Index.
When volatility is high, dividends can help. We actually wrote a dividend insights piece, which shows the power of dividend investing.
The current forward dividend yield of SCHD is a juicy 3.58%.
Notice how it’s faced recent sell pressure just like many other ETFs:
The fund has many holdings with decades of quality dividend growth. One example is Broadcom Inc. (AVGO). This semiconductor firm sports a forward yield of 2.98%. It’s shares have been in demand for months:
Quality semiconductors have shined bright in our data in 2023. AVGO is a great example.
SPDR S&P Insurance ETF (S) Analysis
Third is the SPDR S&P Insurance ETF (KIE). This fund tracks the S&P Insurance Select Industry Index. The basket of stocks are many well-known insurance companies.
High interest rates can be a boon for insurance cos that need to reinvest their float. The fund was in demand until recently. Notice the MAPsignals Big Money indicator shows recent selling.
The forward dividend yield sits at a modest 1.98%:
Remember, ETFs are full of stocks. KIE has many high-quality names to consider. One example is Arch Capital Group Ltd. (ACGL). This company (while no yield) has been in heavy demand in 2023 as seen by the green bars below:
Bottom Line and Explanatory Video
DVY, SCHD, & KIE represent some of my best oversold ETF opportunities for April. These funds offer solid dividend growth and hold many high-performing stocks to consider like: XOM, AVGO, & ACGL.
Keep in mind none of this is personalized advice. We love data and believe it can help your investing.
To learn more about MAPsignals’ Big Money process please visit: www.mapsignals.com
Disclosure: As of the time of this writing, the author holds no positions in DVY, SCHD, KIE, XOM, AVGO, or ACGL at the time of this writing.
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