Exchange traded funds (ETFs) that invest in the healthcare sector were mixed in early trading Monday after Humana (NYSE: HUM) reported higher quarterly profit.
“Today’s detailed results affirm the strong fundamental glimpse we got from last week’s pre-announcement, and shares likely reflect the good news. Hence, we don’t expect Humana shares to move much today,” said Jefferies analysts in a note.
The stock was fractionally higher in early trading Monday.
The iShares Dow Jones U.S. Healthcare Providers (NYSEArca: IHF) has nearly 5% in Humana. The sector ETF rose 0.5% in morning action.
iShares Dow Jones U.S. Healthcare Providers
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