This Week's ETF Winners & Losers
Robert Holmes
04/05/07 - 04:44 PM EDT
The
HealthShares Emerging Cancer(HHJ) exchange-traded fund was one of the best performers of the holiday-shortened week.
Dendreon (DNDN) has surged 245% over the last five sessions. Last Friday, the Food and Drug Administration said the company's prostate cancer vaccine treatment, Provenge, was safe and effective in treating prostate cancer, sending the stock soaring. The ETF finished the week higher by 8.2% to $27.
ETFs tracking metals and mining were also among the week's winners. Gold futures gained nearly 2.5% over the four sessions, and silver futures rose 2.2%.
For the week, the
iShares Silver Trust(SLV) was higher by 2.3% to $136.60. The
streetTRACKS Gold Shares(GLD) ETF added 1.7% to $66.84. The
iShares Comex Gold Trust(IAU) tacked on 1.6% to $66.88.
Utility-related ETFs also gained ground during the week. Among individual names,
Entergy(ETR),
Exelon(EXC),
FirstEnergy(FE) and
Public Service Enterprise Group(PEG) climbed by 2.5% or more.
The
Utilities Select Sector SPDR(XLU) ETF tacked on 2.4% to $40.67. The
Utilities HOLDRs(UTH) ETF was higher by 2.1% to $143.81. The
iShares Dow Jones US Utilities(IDU) ETF added 1.9% to $98.91.
On the flip side, bundled securities tracking the energy sector were among the worst performers of the week. On Wednesday, Iran's President Mahmoud Ahmadinejad decided to free 15 British sailors and marines it captured last month in the Persian Gulf. Crude prices, which spiked after the British were initially captured, slumped 2.4% to finish the week at $64.28 a barrel.
The
iPath Goldman Sachs Crude Oil Index(OIL) ETF eased 2.6% to $37.99. The
United States Oil(USO) ETF fell 2.5% to $52.01.