TradingMarkets 7 ETFs You Need to Know for Tuesday

Health care ETF Special! With growing concerns about the spread of swine flu, it is little surprise that the health care sector outperformed on Monday. Oversold conditions that had prevailed in many health care ETFs helped traders anticipate current gains.

The Health Care Select Sector SPDRS ETF
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is among the most widely traded health care ETFs. The ETF includes among its components major health care and biotechnology stocks like Abbott Laboratories
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and Gilead Sciences
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. The fund’s largest holding is in Johnson & Johnson
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.

Another options for ETF traders and investors looking for health care exposure is the Vanguard Health Care ETF
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, which includes many of the same components as XLV, including an over weighting of Johnson & Johnson.

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There are exchange-traded funds that cover the drug and pharmaceutical sector that are not dominated by Johnson & Johnson. These include the S&P Pharmaceutical SPDRS ETF
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and the iShares S&P Global Health care ETF
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Looking for more specific biotechnology exposure? ETF traders and investors can turn toward biotech ETFs like the SPDRS Biotechnology ETF
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, which moved higher for a third consecutive day on Monday.

ETF traders can get leveraged exposure to the health care sector through leveraged ETFs like the ProShares Ultra Health Care ETF
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, which is leveraged 2-to-1 to the Dow Jones U.S. Health Care Index. Speculate against health care stocks or hedge investments in the sector with the ProShares Ultrashort Health Care ETF
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, which is both an inverse and 2-to-1 leveraged fund.

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