During trading today, both the Financial sector (XLF) and the S&P500 showed little movement.
The ETF, as a proxy for the sector, tracked closer to the overall market today than over the past month. As trading began today, XLF was up 1.7% over the last thirty trading days, and the S&P 500 climbed 4%.
Increasing 9% (+$2.29) to close at $27.60, Nationstar Mortgage Holdings (NSM) was a major gainer in the sector. Today, 2.7 million shares traded hands. The stock traded in a range of $25.05 to $28.03.
United Community Bancorp (UCBA) was a major loser in the sector. Its price dropped 7.9% (-59 cents) to close at $6.86, as 3,861 shares moved. The stock traded between $6.80 and $7.43.
Waddell & Reed Financial (WDR) fell 2.2% to close at $29.07, crossing its 50-day moving average of $29.03. Meanwhile, Willis Group Holdings (WSH) climbed 2.3% to close at $36.30, moving past its 200-day moving average of $36.15.
SVB Financial Group (SIVB) rose 1% to close at $56.26, approaching its 50-day moving average of $57.29. It has also moved closer to its 200-day moving average of $58.61. Salient MLP And Energy Infrastructure (SMF) fell 2.3% to close at $25.79, moving closer to its 50-day moving average of $25.60. Also, the stock moved closer to its 200-day moving average of $25.18.