Bank ETFs Languish After Dividend Increases
April 06, 2011 at 07:01 AM EDT
Several banks recently announced dividend increases and share buybacks, but exchange traded funds (ETFs) investing in the sector have lagged the overall market’s bounce since the middle of March. The $2 billion SPDR Bank ETF (NYSEArca: KBE) has traded sideways and is near its 50-day moving...