The top position in iShares IYJ is General ELectric Co. to the tune of 18.23%. General Electric Co. is involved in a multibillion- dollar engine project along with Britain's Rolls-Royce Plc for the F-35 Joint Strike Fighter. The U.S. House of Representatives Armed Services Committee voted to force the Pentagon to fund further development of the engine -- (Read more).
IYJ is trading well above its bullish support and just broke a double top at $69. With its 269 companies of which the top ten are some of the most recognizable names in the world this ETF is one to watch.
Description of index: “The index measures the performance of the industrial sector of the U.S. equity market, including construction and materials, aerospace and defense, general industrials, electronic and electrical equipment, industrial engineering, industrial transportation and support services.
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By DE Smith of MyPortfolioView.com
PowerShares Aerospace & Defense (PPA) has had quite an April. The below chart is the actual value fluctuation of 100 shares. The actual per share value of PPA closed today at $20.20 just above its 50 day moving average of $19.57 and its 200 day MA of $18.09.
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By Don Smith of MyPortfolioView
