Broadband Bath Hits HOLDR
The tradable tech funds headed lower
Tuesday while money continued to rotate into defensive pharmaceutical and
consumer staples stocks, lifting those exchange-traded funds.
The Broadband HOLDR
(
BDH |
Quote |
Chart |
News |
PowerRating) slumped
3.9%, the day’s sharpest loss among the exchange-traded
funds. It was the HOLDR’s third straight decline on heavy
volume.Â
Nortel Networks
(
NT |
Quote |
Chart |
News |
PowerRating), the largest
component with a 22% weighting in the Broadband HOLDR, fell 4 1/2 to 64 9/16.
JDS Uniphase
(
JDSU |
Quote |
Chart |
News |
PowerRating), with a 10% weighting, lost 6 9/16 to 103 3/16.
The B2B Internet HOLDR
(
BHH |
Quote |
Chart |
News |
PowerRating) slid
3.2%, the Dow Jones Internet Index iShares
(
IYV |
Quote |
Chart |
News |
PowerRating) 3.0%, the Internet
Infrastructure HOLDR
(
IIH |
Quote |
Chart |
News |
PowerRating) 3.0%, the Semiconductor HOLDR
(
SMH |
Quote |
Chart |
News |
PowerRating) 2.4%.
The Pharmaceutical HOLDR
(
PPH |
Quote |
Chart |
News |
PowerRating)
managed to gain 0.9%. That amounted to best of the day’s percentage against
among the ETFs. The Consumer Staples SPDR
(
XLP |
Quote |
Chart |
News |
PowerRating) added 0.8%.
If you’re new to exchange-traded funds,
be sure to visit TradingMarkets’ Knowledge Center,
dedicated to explaining the basics of trading and active investing in ETFs and
mutual funds. Just click on the Funds tab
near the top of this page, then click on the Knowledge
Center tab.Â
You also will find lessons on trading
exchange-traded funds in the Stocks Education area of TradingMarkets.com. In
particular, check out my three-part series on trading ETFs, starting with
Average Crossovers. I also recommend newcomers read my tutorial,
HOLDRs: Unique Opportunity And Risk.
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