Financial sector continues to soar as XLF & VFH hit record trading highs

Jun. 01, 2021 11:08 AM ETFinancial Select Sector SPDR ETF (XLF), VFHXLF, VFH, IAT, RYF, FXO, KBWDBy: Jason Capul, SA News Editor
  • The financial sector continues to soar in early trading on Tuesday as the largest AUM ETF Financial Select Sector SPDR Fund (NYSEARCA:XLF) has hit all-time trading highs. XLF hit $38.48 and has also delivered investors year-to-date returns of +29.06%.
  • XLF is not the only exchange traded fund that has hit all-time trading highs today. Vanguard Financials ETF (NYSEARCA:VFH) also touched a record high, hitting $94.57. Furthermore, VFH is +28.85% so far in 2021.
  • The financial sector as a whole has been one of the top-performing sectors of the market in 2021. So far, year-to-date, it’s the second-highest performing segment behind energy. The financial sector is +29.63% year-to-date and is +34.71% over the past six months.
  • The financial sector has a large pool of options for investors to choose from as the sector is broken down into ten industries, including regional banks, community banks, broad financials, private equity, and others.
  • Of all the areas of the financial sector, financial services over the past three months have returned +33.34%. The returns of the financial services space are significant in nature as it is the top-performing area of the financial sector and of any sector and industry in the entire market.
  • Below are a handful of additional top-performing ETFs that fall within the financial sector: (NYSEARCA:FXO), (NASDAQ:KBWD), (NYSEARCA:RYF), and (NYSEARCA:IAT).
  • The stock market is kicking off June with some buying strength, while a rise in rates also indicates confidence in economic prospects.

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