During trading today, both the Financial sector (XLF) and the S&P500 showed little movement.
Although it went in the opposite direction of the market today, the ETF tracked closer to the overall market today than over the past month. At the start of trading today, XLF was up 5.5% over the last thirty trading days while the S&P 500 was up 4.2%.
United Bancorp (UBCP) was a major loser in the sector. Its price dropped 11.8% (-98 cents) to close at $7.35, as 23,224 shares moved. The stock traded in a range of $7.14 to $8.33.
Homeowners Choice (HCII) was a significant gainer in the sector, rising 6.6%. The stock closed at $21.96 with 355,976 shares moving. The stock traded in a range of $20.05 to $22.18.
Hudson Valley (HVB) declined 5.1% to close at $16.64, moving below its 50-day moving average of $17.17 and 200-day moving average of $17.47. Mesabi (MSB) climbed 3.6% to close at $28.27, moving past its 200-day moving average of $27.90.
Cohen & Steers (AXP) fell 2.6% to close at $35.03, moving closer to its 50-day moving average of $34.40. Also, the stock moved closer to its 200-day moving average of $55.95. Aetna (AET) rose 5.6% to close at $40.18, getting closer to its 200-day moving average or $41.89.
Investors Bancorp (ISBC) hit a new 52-week high today, reaching $17.37 to top the previous high of $16.50.