Friday's ETF Movers: IYG, PCEF
ETF Channel Staff - Friday, February 12, 1:31 PMIn trading on Friday, the iShares U.S. Financial Services ETF (IYG) is outperforming other ETFs, up about 4.2% on the day. Components of that ETF showing particular strength include shares of JP Morgan Chase (JPM), up about 7.5% and shares of Navient (NAVI), up about 7.2% on the day.
And underperforming other ETFs today is the PowerShares CEF Income Composite Portfolio ETF (PCEF), off about 1.3% in Friday afternoon trading. Among components of that ETF with the weakest showing on Friday were shares of Gamco Natural Resources Gold (GNT), lower by about 1.9%, and shares of Duff & Phelps Utility & Corporate Bond Trust (DUC), lower by about 1.1% on the day.