Target stock’s best day in 9 months boosts retail EFTs

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Exchange-traded funds with big holdings in Target Inc. outperformed Wednesday after the retailer reported quarterly results that blew away expectations. Sales surged more than 12%, on track for the company’s best day since November. The WBI Bullbear Yield 3000 ETF , with 4.5% of its portfolio invested in Target, climbed 0.7%, while the broader stock market was up 0.2%. The VictoryShares US Multi-Factor Minimum Volatility fund , with nearly 4% in the company, was up 0.5%. But the ETF with the biggest Target holding, according to FactSet data, the VanEck Vectors Retail ETF , rose only fractionally.
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