Health-care ETFs Hold Modest Gain As House Passes Obamacare Replacement

By Ryan VlastelicaMarketsMarketWatch Pulse

Exchange-traded funds tied to the health-care sector maintained their modest upward bias on Thursday, after the House of Representatives passed the latest version of a bill designed to replace the Affordable Care Act, also known as Obamacare. The Health Care Select Sector SPDR ETF rose 0.4%, while both the Vanguard Health Care ETF and the iShares U.S. Healthcare ETF added 0.3%. The three funds traded roughly where they did prior to the close vote, which some had speculated wouldn't result in passage. The iShares U.S. Healthcare Providers ETF was flat on the day while the iShares U.S. Medical Devices ETF was down 0.2%. Despite the vote, the bill is seen as having little chance of passing the Senate, meaning it wouldn't be signed into law.

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