Monday's ETF Movers: XLU, XOP
ETF Channel Staff - Monday, June 29, 1:37 PMIn trading on Monday, the Utilities Select Sector SPDR Fund ETF (XLU) is outperforming other ETFs, up about 0.3% on the day. Components of that ETF showing particular strength include shares of American Electric Power (AEP), up about 0.8% and shares of Consolidated Edison (ED), up about 0.7% on the day.
And underperforming other ETFs today is the SPDR S&P Oil & Gas Exploration & Production ETF (XOP), off about 3% in Monday afternoon trading. Among components of that ETF with the weakest showing on Monday were shares of Sandridge Energy (SD), lower by about 10.3%, and shares of Magnum Hunter Resources (MHR), lower by about 10.2% on the day.