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Large-Cap ETF Swap
- 3 days ago
- 1 min read
I continue to be cautious on stocks, and typically Utilities perform well when the market is under pressure, but I am not so sure that this will be the case, as Utilities are sensitive to interest-rates, which remain high and are likely to rise. I am reducing State Street Utilities Select Sector SPDR ETF (XLU) and boosting ProShares S&P 500 Dividend Aristocrats ETF (NOBL), a reversal from a trade on June 9th at a profit on the XLU.
The trades:
Sell all (100 shares) XLU at $44.69
Buy 75 NOBL at $54.95
The updated model portfolio:
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