A late-day push in bank stocks powered financial sector ETFs to a 1% gain on Monday. Bank of America (NYSE: BAC), Citigroup (NYSE: C) and Wells Fargo (NYSE: WFC) rose between 1% and 4%. [Investors Look for Bounce in Bank ETFs]
A networking ETF rose on Monday thanks in part to a more than 30% rally in EMS Technologies (NasdaqGS: ELMG) after the company said it has agreed to be acquired by Honeywell (NYSE: HON) for nearly $500 million in cash. [Deal Lifts Networking ETF]
Exchange traded funds that track traditionally defensive industries such as healthcare, consumer staples and utilities have held up better than riskier sectors this year with investors expressing a cautious view on the economy. [Investors Shift Into Defensive ETFs]
Gold miners are hiking their dividends in a bid to lure investors who have instead flooded into exchange traded funds that follow the price of bullion, according to a report Monday. [Gold Miners Boost Dividends in Bullion ETF Battle]
Full disclosure: Tom Lydon’s clients own GLD and SLV.