Exchange traded funds (ETFs) that invest in coffee and the food and beverage sector were little changed Wednesday afternoon as traders looked to quarterly results from Starbucks (NasdaqGS: SBUX) after the bell.
The iPath Dow Jones-UBS Coffee ETN (NYSEArca: JO) has been rising this year on supply concerns. The exchange traded note, which tracks coffee futures, is up more than 20% so far this year but was flat for Wednesday’s session.
ETFs that invest in the food and beverage sector could also see action Thursday after Starbucks reports earnings.
PowerShares Dynamic Food and Beverage (NYSEArca: PBJ) and PowerShares Dynamic Leisure and Entertainment (NYSEArca: PEJ) both have more than 5% in Starbucks shares. [Coffee ETN Perks Up.]
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