Net Funds Manage Small Gains
Election Tuesday contained the
exchange-traded funds to mild gains, with the progress focused in the tech area.
The Internet HOLDR
(
HHH |
Quote |
Chart |
News |
PowerRating) rose
3.6%, the day’s
sharpest gain among the exchange-traded
funds.Â
Among the Internet HOLDR’s component
stocks, CMGI
(
CMGI |
Quote |
Chart |
News |
PowerRating) rose 13.5% on reports that it plans to shutter
unprofitable operating divisions, including its Web entertainment iCast unit.
eBay
(
EBAY |
Quote |
Chart |
News |
PowerRating) gained 4.3%, RealNetworks
(
RNWK |
Quote |
Chart |
News |
PowerRating) 13.3%.
The Internet Architecture HOLDR
(
IAH |
Quote |
Chart |
News |
PowerRating)
picked up 2.8% on strong volume. The basket got a lift from Cisco Systems
(
CSCO |
Quote |
Chart |
News |
PowerRating),
up 3.0%, and Gateway
(
GTWE |
Quote |
Chart |
News |
PowerRating), 3.4%. For more on Cisco’s trading action on
Tuesday, see my Trading
The News commentary.Â
The Internet Infrastructure HOLDR
(
IIH |
Quote |
Chart |
News |
PowerRating)
moved ahead 1.3%, the Biotech HOLDR
(
BBH |
Quote |
Chart |
News |
PowerRating) 1.2%, the Telecom HOLDR
(
TTH |
Quote |
Chart |
News |
PowerRating)
1.1%.
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.