The amount of stocks hitting new highs is slowing with the major indices are only one week removed from historic levels.
The universe of ETFs is in the same predicament with only a handful able to breakout to 52-week highs this week. However, within that group there are a few interesting names that should be highlighted for investors.
The PowerShares Dynamic Pharmaceuticals Portfolio ETF (NYSE: PJP)tracks about 30 publicly traded companies that are engaged in the research, development, manufacturing, sale or distribution of pharmaceutical drugs of all types. The top holdings in the fund include Auxilium Pharmaceuticals Inc with a 5.1 percent holding, Johnson & Johnson at 5.1 percent and Pfizer Inc at 5 percent.
PJP has outperformed the overall ...
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