Tuesday's ETF Movers: XBI, FPE
ETF Channel Staff - Tuesday, May 21, 4:16 PMIn trading on Tuesday, the SPDR S&P Biotech ETF (XBI) is outperforming other ETFs, up about 3.2% on the day. Components of that ETF showing particular strength include shares of Array Biopharma (ARRY), up about 23.1% and shares of Arrowhead Pharmaceuticals (ARWR), up about 13.1% on the day.
And underperforming other ETFs today is the First Trust Preferred Securities and Income ETF (FPE), off about 0.5% in Tuesday afternoon trading. Among components of that ETF with the weakest showing on Tuesday were shares of Valley National Bancorp Preferred (VLYPP), lower by about 0.6%, and shares of Valley National Bancorp Preferred (VLYPO), lower by about 0.4% on the day.