Monday's ETF Movers: IDU, KRE
ETF Channel Staff - Monday, June 27, 1:27 PMIn trading on Monday, the iShares U.S. Utilities ETF (IDU) is outperforming other ETFs, up about 0.8% on the day. Components of that ETF showing particular strength include shares of Nextera Energy (NEE), up about 2.2% and shares of American Water Works (AWK), up about 1.8% on the day.
And underperforming other ETFs today is the SPDR S&P Regional Banking ETF (KRE), down about 4.8% in Monday afternoon trading. Among components of that ETF with the weakest showing on Monday were shares of First Bancorp (FBP), lower by about 10.1%, and shares of SVB Financial Group (SIVB), lower by about 9.1% on the day.