ETF Trends
ETF Trends

Exchange traded funds (ETFs) that invest in pharmaceuticals and healthcare stocks have rallied even though shares of top holding Pfizer (NYSE: PFE), which reports quarterly results Tuesday morning, stumbled last month.

Pfizer shares fell in mid-April on worries over four deaths in a study for its arthritis drug tofacitinib. The stock has recovered and on Monday touched a new 52-week high.

Pfizer accounts for 12% of Health Care Select Sector SPDR Fund (NYSEArca: XLV). The stock is also the second-largest holding in iShares Dow Jones U.S. Pharmaceuticals Index Fund (NYSEArca: IHE) at 9% of the portfolio. The pharma ETF jumped over 8% in April.

iShares Dow Jones U.S. Pharmaceuticals

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