General Electric Weighs on Dow, Industrial ETFs

By ETF Trends,  April 21, 2011, 02:20:27 PM EDT

Shares of General Electric ( GE ) weighed on industrial-sector exchange traded funds (ETFs) on Thursday even though the company's earnings beat expectations and the firm again boosted its dividend.

GE shares were down more than 2% in afternoon trading Thursday following the quarterly results as some analysts voiced concerns over profit margins.

GE is the largest holding in Industrial Select Sector SPDR Fund (NYSEArca: XLI) , which was up fractionally Thursday. The stock accounts for 11.2% of the ETF, which holds $3.7 billion in assets.

Other industrial-sector ETFs include Vanguard Industrials ETF (NYSEArca: VIS) and iShares Dow Jones U.S. Industrial Sector (NYSEArca: IYJ).

Dow component GE is also in the SPDR Dow Jones Industrial Average ETF (NYSEArca: DIA) , although it only accounts for 1.2% of the fund.

Industrial Select Sector SPDR Fund





The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, ETFs

Referenced Stocks: GE



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