Wednesday's ETF Movers: IYG, ITB
ETF Channel Staff - Wednesday, January 16, 1:38 PMIn trading on Wednesday, the iShares U.S. Financial Services ETF (IYG) is outperforming other ETFs, up about 2.6% on the day. Components of that ETF showing particular strength include shares of Goldman Sachs Group (GS), up about 8.1% and shares of Bank of America (BAC), up about 7.3% on the day.
And underperforming other ETFs today is the iShares U.S. Home Construction ETF (ITB), off about 0.8% in Wednesday afternoon trading. Among components of that ETF with the weakest showing on Wednesday were shares of Hovnanian Enterprises (HOV), lower by about 9%, and shares of William Lyon Homes (WLH), lower by about 2.7% on the day.