When is a close real for ETFs?
These were the closing values for 13 ETFS as of 11 p.m. ET on 4/17
XLY $103.86
XLP $53.28
XLE $72.44
XLF $27.56
XLV $83.14
XLI $75.36
IYZ $28.06
XLB $59.54
XLK $68.08
XLU $50.98
XLRE $31.08
SPY $270.13
SPYG $34.52
SPYV $30.00
These the closing values for 4/17 listed by Yahoo as of 1:30 p.m. on 4/18/18
XLY 103.88
XLP 53.28
XLE 72.42
XLF 27.58
XLV 83.16
XLI 75.36
IYZ 28.06
XLB 59.56
XLK 68.07
XLU 50.98
XLRE 31.09
SPY 270.19
SPYG 34.51
SPYV 29.99
These are the price differences from the first list to the second.
XLY -0.02
XLP 0
XLE 0.02
XLF -0.02
XLV -0.02
XLI 0
IYZ 0
XLB -0.02
XLK 0.01
XLU 0
XLRE -0.01
SPY -0.06
SPYG 0.01
SPYV 0.01
It makes no sense. What it means for investors is that 4 p.m. closes for ETFs are a fiction.
Charles Blaine
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