Internet Infrastructure HOLDR Leads ETFs
The tech-focused ETFs pulled ahead Monday
while the defensives eased, reasonable action in a market trying to put its
trough behind it.
The Internet Infrastructure HOLDR
(
IIH |
Quote |
Chart |
News |
PowerRating)
rose 5.3%, the day’s sharpest gain among the
funds. Among its components, Akamai Technologies
(
AKAM |
Quote |
Chart |
News |
PowerRating) rose
6.9%, Epiphany
(
EPNY |
Quote |
Chart |
News |
PowerRating) 12.9%, RealNetworks
(
RNWK |
Quote |
Chart |
News |
PowerRating) 10.5%, VeriSign
(
VRSN |
Quote |
Chart |
News |
PowerRating)
6.1%.
The Dow Jones Internet iShares
(
IYV |
Quote |
Chart |
News |
PowerRating)
rose 4.6%, the B2B Internet HOLDR
(
BHH |
Quote |
Chart |
News |
PowerRating) 3.8%, the Telecom HOLDR
(
TTH |
Quote |
Chart |
News |
PowerRating) 3.1%,
the Dow Jones Technology iShares
(
IYW |
Quote |
Chart |
News |
PowerRating) 3.0%, the Dow Jones
Telecommunications iShares
(
IYZ |
Quote |
Chart |
News |
PowerRating), the Semiconductor HOLDR
(
SMH |
Quote |
Chart |
News |
PowerRating) 2.8%.
On the downside, the Pharmaceutical
HOLDR
(
PPH |
Quote |
Chart |
News |
PowerRating) lost 2.2%, the day’s biggest loss among the U.S.-focused
exchange-traded funds. The Consumer Staples SPDR
(
XLP |
Quote |
Chart |
News |
PowerRating) back pedaled 0.8%.
The top field of all charts in this
commentary uses a logarithmic price scale and displays a 50-day price average in
red. In the second field, a
blue relative strength line represents the displayed security’s price
performance relative to the S&P 500. The third field displays vertical daily
volume bars in black with a 50-day moving average in blue for volume.
Exchange-traded funds combine traits
of stocks and mutual funds. Like mutual funds, an ETF represents diversified
ownership in a number of different stocks, greatly reducing company-specific
risk. 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.
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.