|Bid||21.94 x 3100|
|Ask||27.00 x 3100|
|Day's Range||21.87 - 21.99|
|52 Week Range||21.68 - 27.12|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||-1.00|
|Expense Ratio (net)||0.95%|
At the beginning of 2018, optimism for the financials sector was reasonably high. A tax reform plan touted by President Trump had been passed in late 2017, with the effects due to impact the economy beginning in 2018.
Are you spooked by an inverted yield curve? Play these inverse financial ETFs and tide over the widespread financial stock sell-off.
Bank and financial sector-related ETFs have been underperforming despite the rising interest rate environment, and the segment of the market may continue to drag its feet. The Financial Select Sector SPDR (XLF) rose 1.2% and SPDR S&P Bank ETF (KBE) gained 2.5% so far this year, whereas the S&P 500 increased 10.1%. Despite the Federal Reserve's intention to continue raising interest rates, Matt Maley, equity strategist at Miller Tabak, highlighted the recent underperformance in banks and issued a warning over the weakness, CNBC reports.
ProShares, a premier provider of ETFs, announced today forward and reverse share splits on 20 of its ETFs. The splits will not change the total value of a shareholder's investment.