It was a good day for the markets overall, but two exchange traded funds (ETFs) in particular stood out head and shoulders above the rest yesterday: iShares Dow Jones US Broker-Dealers (IAI) and the Internet Infrastructure HOLDRs (IIH).
Internet Infrastructure likely benefited from strong performance from its major holdings. VeriSign Inc. (VRSN) rose 4.6%. It makes up 43.1% of the ETF. Akamai Tech. Inc. (AKAM) is 16.6% of the fund, and was up 5.8%.
Overall, it was a good day for our internets: for the first time in five sessions the sector finished higher. The Internet HOLDRs (HHH) fund was up 5.9%.
The performance of the broker dealers fund is a relief, since it’s been weighed down by the Bear Stearns (BSC) fiasco. It plummeted to an all-time low on Monday before rebounding up higher on Tuesday.