Yield-Generating Utilities ETFs Strengthen as Investors Turn Defensive
July 08, 2015 at 09:00 AM EDT
Utilities sector exchange traded funds jumped Tuesday, trading back above its short-term trend line, as a major player raised dividends and the risk-off environment pushed investors back into conservative, yield-generating assets. On Tuesday, the Utilities Select Sector SPDR (NYSEArca: XLU) rose...