St. Jude Lifts Medical Devices ETF

Comment

Shutterstock photo

A sharp rally in St. Jude Medical ( STJ ) lifted specialized healthcare exchange traded funds (ETFs) on Wednesday morning after the medical-device company reported better-than-expected earnings.

The $479 million iShares Dow Jones U.S. Medical Devices Index Fund (NYSEArca: IHI) followed St. Jude shares higher. The stock is a top-five holding at more than 6% of the ETF.

The iShares Dow Jones U.S. Medical Devices was up 12.3% year to date as of April 19, according to Morningstar.

Swiss device maker Synthes recently confirmed it was in merger talks with Johnson & Johnson ( JNJ ).

iShares Dow Jones U.S. Medical Devices


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



This article appears in: Investing , ETFs
More Headlines for: JNJ , STJ


More from ETF Trends

Subscribe






ETF Trends
Contributor:

ETF Trends

ETFs
Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com