In the last trading session, the U.S. stocks rose given a surge in technology shares following Facebook's latest earnings. Among the top ETFs, investors saw (SPY - Free Report) gain 1.1%, (DIA - Free Report) add 0.9% and (QQQ - Free Report) move higher by 2.3% on the day.
Two more specialized ETFs are worth noting as both saw trading volume that was far outside of normal. In fact, both these funds experienced volume levels that were more than double their average for the most recent trading session. This could make these ETFs the ones to watch out for in the days ahead to see if this trend of extra-interest continues:
(VIG - Free Report) : Volume 6.78 Times Average
This dividend ETF was in the spotlight yesterday as nearly 4.6 million shares moved hands compared with an average of 739,000 shares a day. We also saw some price movement as VIG added 0.36% in the last session.
The big move was largely the result of heightened volatility that has raised the appeal for dividend investing and can have a big impact on stocks like what we find in this ETF portfolio. VIG has lost 6.4% in the past month and has a Zacks ETF Rank #1 (Strong Buy) with a Medium risk outlook.
(RSP - Free Report) : Volume 3.99 Times Average
This equal-weighted ETF was under the microscope yesterday as 3.5 million shares moved hands. This compares with an average trading day of roughly 909,000 shares and came as RSP added about 0.6% in the trading session.
The movement can largely be blamed on its superior strategy, which provides equal allocation in the entire spectrum of market capitalization levels regardless of size. As such, it limits the risk of a severe downfall in any particular security, providing a nice balance in the portfolio. RSP was down 7.2% in a month’s time and has a Zacks ETF Rank #3 (Hold).
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