Currently, the fund is largely concentrated on financials, which accounts for more than half of the portfolio, while telecommunications, oil & gas and technology round off the top four with double-digit allocations. The top three holdings Tencent Holdings, China Mobile and China Construction Bank collectively make up for 17.6% share. FXI charges 74 bps in fees per year from investors. Effective from September 22, FXI will track the FTSE China 50 Index.
Mid-Day ETF Update: ETFs Mixed, Stocks Lower on Weak Earnings Reports; FOMC Meeting Minutes Still Ahead – NASDAQ.com
Market sentiment was gloomy, weighed down by disappointing financial results from a number of companies, including Lowe’s (LOW), Target (TGT) and Hertz (HTZ). In news abroad, UK stocks saw a modest sell-off following the Bank of England’s more-hawkish policy meeting minutes. In economic data news, the weekly MBA Mortgage Index rose 1.4% following last week’s decline of 2.7%. NovaBay Pharmaceuticals (NBY) tumbled 35% and reached a 52-week low of $0.69 after it announced its NVC-422 ophthalmic formulation did not meet the primary or secondary endpoints in a Phase 2 clinical study in patients with adenoviral conjunctivitis and the company does not plan to initiate any new studies of NVC-422 for the indication. Going forward the company plans to focus on the commercial launch of NovaBay’s i-Lid cleanser, supporting Pioneer Pharma in the commercial launch of NeutroPhase in China, pending China FDA approval, and the clinical development of NVC-422 Irrigation Solution for blockage and encrustation in indwelling long-term urinary catheters.
First Trust Senior Loan Fund ETF (FTSL) Ex-Dividend Date Scheduled for August 21, 2014 – NASDAQ.com
go to website Among large Services stocks, Home Depot ( NYSE: HD ) and Michael Kors Holdings ( NYSE: KORS ) are the most notable, showing a gain of 2.7% and 2.5%, respectively. Consumer Services ETF (IYC), which is up 0.2% in midday trading, and up 4.72% on a year-to-date basis. Home Depot, meanwhile, is up 11.16% year-to-date, and Michael Kors Holdings is up 0.91% year-to-date. HD makes up approximately 4.4% of the underlying holdings of IYC.
Noteworthy ETF Inflows: EWG – NASDAQ.com
A cash dividend payment of $1E-06 per share is scheduled to be paid on August 29, 2014. This marks the 5th year that FTSL the same dividend. At the current stock price of $49.41, the dividend yield is %. The previous trading day’s last sale of FTSL was $49.41, representing a -1.18% decrease from the 52 week high of $50 and a 0.8% increase over the 52 week low of $49.02. For more information on the declaration, record and payment dates, visit the FTSL Dividend History page.
California drought hurts honey production, leaves fewer crops and wildflowers for honeybees | Fox Business
California’s record drought hasn’t been sweet to honeybees, and it’s creating a sticky situation for beekeepers and honey buyers. The state is one of the country’s largest honey producers, with abundant crops and wildflowers that provide the nectar that bees turn into honey. But the lack of rain has ravaged native plants and forced farmers to tear out orchards and plant fewer crops, leaving fewer places for honeybees to forage. The historic drought is reducing supplies of California honey, raising prices for consumers and making it harder for beekeepers to earn a living. The drought is the latest blow to honeybees that have been decimated by pesticides, parasites and disease. The record low rainfall is worsening a worldwide shortage of honey that has pushed prices to all-time highs.
Wednesday Sector Leaders: Industrial, Services – Forbes
The chart below shows the one year price performance of EWG, versus its 200 day moving average: Looking at the chart above, EWG’s low point in its 52 week range is $25.58 per share, with $32.38 as the 52 week high point – that compares with a last trade of $28.78. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique — learn more about the 200 day moving average . Exchange traded funds (ETFs) trade just like stocks, but instead of ”shares” investors are actually buying and selling ”units”. These ”units” can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.