Wednesday's ETF Movers: IHE, XLU
ETF Channel Staff - Wednesday, June 29, 1:27 PMIn trading on Wednesday, the iShares U.S. Pharmaceuticals ETF (IHE) is outperforming other ETFs, up about 3.3% on the day. Components of that ETF showing particular strength include shares of Tesaro (TSRO), up about 108.7% and shares of Horizon Pharma (HZNP), up about 6.2% on the day.
And underperforming other ETFs today is the Utilities Select Sector SPDR Fund ETF (XLU), trading flat in Wednesday afternoon trading. Among components of that ETF with the weakest showing on Wednesday were shares of Nextera Energy (NEE), lower by about 0.8%, and shares of Consolidated Edison (ED), lower by about 0.7% on the day.