Tuesday, May 4th ETF Movers: PPH, FAA

May 4, 2010 5:17pm NYSE:FAA

In trading on Tuesday, the Pharmaceutical HOLDRS ETF (AMEX:PPH) is outperforming other ETFs, up about 0.3% on the day. Components of that ETF showing particular strength include shares of


 Valeant Pharmaceuticals International (NYSE:VRX), up about 3.6% and shares of Hospira (NYSE:HSP), up about 3.2% on the day.

And underperforming other ETFs today is the Claymore/NYSE Arca Airline ETF (AMEX:FAA), off about 6.4% in Tuesday afternoon trading. Among components of that ETF with the weakest showing on Tuesday were shares of United Airlines (NASDAQ:UAUA), lower by about 10.9%, and shares of Continental Airlines (NYSE:CAL), lower by about 10.6% on the day.

About The Pharmaceutical HOLDRs ETF (PPH): The investment seeks to diversify your investment in the pharmaceutical industry through a single, exchange-listed instrument representing your undivided beneficial ownership of the underlying securities. The trust holds shares of common stock issued by specified companies that, when initially selected, were involved in the pharmaceutical industry. Except when a reconstitution event, distribution of securities by an underlying issuer or other event occurs, the group of companies will not change. There are currently 21 companies included in the Pharmaceutical HOLDRS.

About The Claymore/NYSE Arca Airline ETF (FAA): The investment seeks to replicate, net of expenses, the NYSE Arca Global Airline Index. The fund will invest at least 80% of assets in common stocks, ADRs and GDRs that comprise the index. The index is a modified equal-dollar weighted index designed to measure the performance of highly capitalized and liquid US and international passenger airline companies identified as being in the airline industry. The fund is nondiversified.


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