The ETF Billionaires Love Right Now Could Soar Up to 124%, According to 1 Analyst

Billionaires running hedge funds on Wall Street are some of the smartest investors in the world. They have decades of professional trading experience, and many have generated superior returns that have made them a household name on Wall Street. So when the 13F filings come out showing what stocks they purchased in the prior quarter, it can be a powerful signal to Wall Street that they have strong conviction on a particular stock name.Investors should never follow billionaires blindly. Instead, they should make sure to do their own due diligence because by the time 13F forms are released to the public, the reported trades can be a few months old. Furthermore, hedge funds tend to invest on shorter time horizons than retail investors, making their true intentions harder to fully understand. The 13F forms are still helpful for new investment ideas, but investors should be aware of the issues mentioned above.In the second quarter, billionaires piled into an exchange-traded fund (ETF) that at least one Wall Street expert thinks could soar as much as 124% by 2030.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool