Tech ETFs Pull Back
The tech-focused exchange-traded funds
led a broad pullback Thursday among the tradable funds.
The Internet Infrastructure
(
IIH |
Quote |
Chart |
News |
PowerRating)
lost 6.0%, the day’s sharpest loss among the exchange-traded funds. Among its
components, Akamai Technologies
(
AKAM |
Quote |
Chart |
News |
PowerRating) fell 15.0%, RealNetworks
(
RNWK |
Quote |
Chart |
News |
PowerRating)
14.9%, Exodus Communications
(
EXDS |
Quote |
Chart |
News |
PowerRating) 12.3%, BEA Systems
(
BEAS |
Quote |
Chart |
News |
PowerRating) 6.4%,
VeriSign
(
VRSN |
Quote |
Chart |
News |
PowerRating) 5.4%.
The Broadband HOLDR
(
BDH |
Quote |
Chart |
News |
PowerRating) gave up
5.7%, the B2B Internet HOLDR
(
BHH |
Quote |
Chart |
News |
PowerRating) 5.1%, the Nasdaq Biotech iShares
(
IBB |
Quote |
Chart |
News |
PowerRating)
4.4%, the Semiconductor HOLDR
(
SMH |
Quote |
Chart |
News |
PowerRating) 4.4%, the Biotech HOLDR
(
BBH |
Quote |
Chart |
News |
PowerRating) 4.4%,
the Dow Jones Internet iShares
(
IYV |
Quote |
Chart |
News |
PowerRating) 4.2%, the Wireless HOLDR
(
WMH |
Quote |
Chart |
News |
PowerRating)
4.2%, the Internet Architecture HOLDR
(
IAH |
Quote |
Chart |
News |
PowerRating) 4.2%, the Nasdaq 100 Tracking
Stock
(
QQQ |
Quote |
Chart |
News |
PowerRating) 4.1%, the Dow Jones Technology iShares
(
IYW |
Quote |
Chart |
News |
PowerRating) 4.0%.
Exchange-traded
funds combine traits
of stocks and mutual funds. Like mutual funds, an ETF represents diversified
ownership in a number of different stocks, 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. 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.