Tuesday's ETF Movers: FPE, XME
ETF Channel Staff - Tuesday, May 3, 12:56 PMIn trading on Tuesday, the First Trust Preferred Securities and Income ETF (FPE) is outperforming other ETFs, down about 0.1% on the day. Components of that ETF showing particular strength include shares of Maiden Holdings North America Light (MHNB), up about 1.8% and shares of BGC Partners (BGCA), up about 0.5% on the day.
And underperforming other ETFs today is the SPDR S&P Metals and Mining ETF (XME), down about 5.5% in Tuesday afternoon trading. Among components of that ETF with the weakest showing on Tuesday were shares of Freeport McMoRan (FCX), lower by about 9.4%, and shares of Cliffs Natural Resources (CLF), lower by about 9.2% on the day.