In midday trading Monday, the iShares Dow Jones U.S. Healthcare Providers Index Fund ETF (AMEX: IHF) is outperforming other ETFs, up about 1.4% on the day. Components of that ETF showing particular strength include shares of Health Net (NYSE: HNT), up about 4.8% and shares of Wellcare Health Plans (NYSE: WCG), up about 3.9% on the day.
And underperforming other ETFs today is the NXQ Portfolio ETF (NASDAQ:PNXQ), off about 3.3% in Monday afternoon trading. Among components of that ETF with the weakest showing on Monday were shares of Ctripcom International Limited Ads 1 (NASDAQ: CTRP), lower by about 5.5%, and shares of Bucyrus International (NASDAQ: BUCY), lower by about 4.6% on the day.
About The iShares Dow Jones U.S. Healthcare Providers Index Fund ETF (AMEX: IHF): The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Select Health Care Providers index. The fund generally invests at least 90% of assets in securities of the index and in depositary receipts representing securities of the index. It may invest the remainder of assets in securities not included in the index but which BGFA believes will help the fund track the index, and in futures contracts, options on futures contracts, options and swaps as well as cash and cash equivalents, including money market funds advised by BGFA. The fund is nondiversified.
About The NXQ Portfolio ETF (NASDAQ:PNXQ): The investment seeks to replicate, net of expenses of the NASDAQ Q-50 index. The fund normally invests at least 90% of assets in securities that comprise the index. The index is a market-capitalization weighted index designed to track the performance of the 50 securities that are next in line to replace the securities currently included in the NASDAQ-100 index. The fund is nondiversified.