(PIEQ) Principal International - Ratings and Ratios

The Principal International Equity ETF (BATS:PIEQ) is an investment vehicle that focuses on allocating its assets to equity securities, with a minimum of 80% of its net assets invested in this asset class. The funds investment strategy is geared towards foreign equity securities, including emerging markets such as China, and encompasses a broad range of market capitalizations, from small to large-cap companies.

Given its investment mandate, PIEQ provides diversified exposure to international equities, allowing investors to tap into growth opportunities outside the US market. The funds underlying holdings are likely to be influenced by global economic trends, currency fluctuations, and regional market dynamics. As a Foreign Large Blend ETF, PIEQ is expected to track a relevant international equity index, although the specific benchmark is not disclosed.

Analyzing the available , we observe that PIEQs price is currently at $28.12, slightly below its 20-day Simple Moving Average (SMA) of $28.30. The 50-day SMA stands at $27.26, while the 200-day SMA is at $26.06, indicating a longer-term uptrend. The Average True Range (ATR) is 0.39, corresponding to a 1.39% daily price movement. Considering these technical indicators, we can infer that PIEQ is experiencing a minor pullback within an overall bullish trend.

Using the available and , we can forecast that PIEQ may continue its upward trajectory, driven by its exposure to emerging markets and international equities. With an Assets Under Management (AUM) of $753.89M USD, the fund has a sizable presence in the market. If the current uptrend persists, PIEQ may challenge its 52-week high of $28.88. Conversely, a decline below the 50-day SMA could signal a more significant correction. Based on these factors, a potential price target for PIEQ could be $29.50, representing a 5% increase from current levels.