Wednesday's ETF Winners & Losers
Robert Holmes
03/28/07 - 03:11 PM EDT
Bundled securities tracking the energy sector were among the best performers of the day as oil rose amid building concerns about the 15 British service members still being held captive by Iran.
The
iPath Goldman Sachs Crude Oil Index (OIL Quote) ETF rose 1.7% to $38.03. The
United States Oil (USO Quote) ETF was adding 1.7% to $52.06.
The front-month May crude contract was recently adding $1.27 to $64.20 a barrel.
ETFs tracking metals and mining were stronger Wednesday as gold moved higher by $4 to $672.80 an ounce and silver tacked on 17 cents to $13.45 an ounce.
The
iShares Silver Trust (SLV Quote) was up 1% to $133.16. The
Market Vectors Gold Miners (GDX Quote) ETF was gaining 0.6% to $39.69. The
iShares COMEX Gold Trust (IAU Quote) ETF was adding 0.5% to $66.10, and the
streetTRACKS Gold Shares (GLD Quote) ETF was rising 0.5% to $66.01.
On the flip side, ETFs tracking homebuilders were the worst performers. Before the session began,
Beazer Homes (BZH Quote) said it has received a request for documents from the U.S. attorney, who has started a criminal investigation into its lending. The stock was falling 9.5%, dragging other housing names lower with it.
The
SPDR Homebuilders (XHB Quote) ETF was sliding 2.2% at $32.86. The
iShares Dow Jones U.S. Home Construction(ITB Quote) ETF was recently down 2.2% at $34.72.
Meanwhile, the
Retail HOLDRs (RTH Quote) ETF was falling 1% as
Wal-Mart (WMT Quote),
Lowe's (LOW Quote) and
Federated (FD Quote) were shedding 1.4% or more. The ETF was recently lower by $1.03 at $101.44.