Thursday's ETF Movers: PJP, IAT
ETF Channel Staff - Thursday, June 22, 1:30 PMIn trading on Thursday, the PowerShares Dynamic Pharmaceuticals Portfolio ETF (PJP) is outperforming other ETFs, up about 2.2% on the day. Components of that ETF showing particular strength include shares of Valeant Pharmaceuticals (VRX), up about 12.4% and shares of Lannett (LCI), up about 5% on the day.
And underperforming other ETFs today is the iShares U.S. Regional Banks ETF (IAT), down about 1.3% in Thursday afternoon trading. Among components of that ETF with the weakest showing on Thursday were shares of Cullen Frost Bankers (CFR), lower by about 2.3%, and shares of Pacwest Bancorp (PACW), lower by about 2% on the day.