Shares of LPL Financial (LPLA) have risen about 4.5% this week and about 8% since the independent broker-dealer went public on Nov. 18, according to data compiled by Morningstar and other research.
In contrast, shares of General Motors (GM), which went public as a restructured entity on the same day as LPL, are up 1.8% over the past two weeks. This week, GM rose roughly 2%.
For the week, the Financial Select Sector SPDR (XLF) is trading up by about 5%. However, since Nov. 18, it is up just 2%.
The Dow Jones Industrial Average is up about 2% since Nov. 18 and has increased 3% this week.