Given the sector’s notable outperformance to broad market proxies in the trailing one year period, it would make conceptual sense if holders of the sector ETF if not the underlying stocks in the Financial sector are looking to lock in and/or protect recent gains. [Financial ETFs Set Pace for S&P 500]
After the “gap up” in the sector to begin 2013 and with XLF trading at its highest levels since November of 2008, other Financials ETFs to keep an eye on in the near term include KBE (SPDR KBW Bank ETF, Expense Ratio, 0.35%), KRE (SPDR KBW Regional Banking, Expense Ratio 0.35%), IYF (iShares U.S. Financial Sector, Expense Ratio 0.48%), and FXO (First Trust Financial AlphaDEX, Expense Ratio 0.70%) to name a few.
Financial Select Sector SPDR
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