Energy, Utility ETFs Lead
Energy- and utility-focused
exchange-traded funds led their peers Monday while techs softened once
again.Â
The Dow Jones Energy iShares
(
IYE |
Quote |
Chart |
News |
PowerRating)
rose 2.5%, the day’s biggest gain among the exchange-traded funds. The Energy
SPDR
(
XLE |
Quote |
Chart |
News |
PowerRating) added 1.5%.Â
Â
The Utility HOLDR
(
UTH |
Quote |
Chart |
News |
PowerRating) rose 1.5%,
the Utilities SPDR
(
XLU |
Quote |
Chart |
News |
PowerRating) 1.3%, the Utilities iShares
(
IDU |
Quote |
Chart |
News |
PowerRating) 1.1%.
The Financial Services iShare
(
IYG |
Quote |
Chart |
News |
PowerRating)
picked up 1.3%.
On the downside, the Biotech HOLDR
(
BBH |
Quote |
Chart |
News |
PowerRating)
lost 2.6%, the Broadband HOLDR
(
BDH |
Quote |
Chart |
News |
PowerRating) 2.4%, the Dow Jones Internet iShares
(
IYV |
Quote |
Chart |
News |
PowerRating)
2.4%, the Semiconductor HOLDR
(
SMH |
Quote |
Chart |
News |
PowerRating) 2.3%.
Exchange-traded
funds combine traits
of stocks and mutual funds. Like mutual funds, an ETF represents diversified
ownership in a number of different stocks. Like stocks, ETFs trade on exchanges, nearly all of them in fact trade on
the American Stock Exchange at present. They quote throughout the day, enabling
traders to take advantage of intraday price moves.Â
If you’re new 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. You also can find further information, including
component stocks, at the following sites: www.amex.com
(click on the HOLDRS and Exchange-Traded Funds links), www.ishares.com
and www.holdrs.com.
Â