Tuesday's ETF Movers: KBE, REM
ETF Channel Staff - Tuesday, June 27, 1:33 PMIn trading on Tuesday, the SPDR S&P Bank ETF (KBE) is outperforming other ETFs, up about 1.3% on the day. Components of that ETF showing particular strength include shares of Bank of America (BAC), up about 2.9% and shares of Signature Bank (SBNY), up about 2.5% on the day.
And underperforming other ETFs today is the iShares Mortgage Real Estate Capped ETF (REM), down about 2.5% in Tuesday afternoon trading. Among components of that ETF with the weakest showing on Tuesday were shares of Armour Residential REIT (ARR), lower by about 5%, and shares of Anworth Mortgage Asset (ANH), lower by about 1.5% on the day.