Huntington, Bank of America Lift Bank ETFs
June 7th, 2011 at 11:50am by John Spence
Bank exchange traded funds moved higher Tuesday thanks in part to strength in components Bank of America (NYSE: BAC) and Huntington Bancshares (NasdaqGS: HBAN).
SPDR KBW Bank ETF (NYSEArca: KBE) added nearly 1%, while Huntington climbed 3% and B. of A. rose about 1%.
The bank ETF has 6.3% in B. of A. and 4.8% in Huntington. The fund has declined 10% so far this year with concerns over a slowing economy and new regulations pushing bank stocks lower.
The sector was recouping some of its steep losses from Monday. [Financial ETFs Eye Higher Open After Drop]
SPDR KBW Bank ETF
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