This Week's ETF Winners & Losers
Robert Holmes
06/01/07 - 04:59 PM EDT
Bundled securities tracking semiconductors were among the best performers of a holiday-shortened week, as names like
Intel (INTC Quote),
KLA-Tencor (KLAC Quote) and
Texas Instruments (TXN Quote) rose.
The
Ultra Semiconductor ProShares (USD Quote) ETF added 4.4% to $80.04. The
SPDR S&P Semiconductor (XSD Quote) ETF rose 3% to $52.78, and the
iShares Goldman Sachs Semiconductor (IGW Quote) ETF climbed 2.4% to $65.09. The
Semiconductor HOLDRs (SMH Quote) finished 2% higher at $36.98.
ETFs tracking silver were also among the week's winners, as silver futures jumped 5.7% to close Friday at $13.74 an ounce. The
iShares Silver Trust (SLV Quote) climbed 5.9% to $136.34. The
PowerShares DB Silver (DBS Quote) ETF added 5.5% to $26.92.
Gold-related ETFs also rose over the four sessions. Futures ended higher by 2.4% at $671.20 an ounce. The
Market Vectors Gold Miners (GDX Quote) ETF advanced 4.7% to $40.07. The
iShares Comex Gold Trust (IAU Quote) closed higher by 2.4% to $66.56, and the
streetTRACKS Gold Shares (GLD Quote) ETF gained 2.3% to end at $66.44.
Securities tracking crude oil also rose, even after the front-month July contract had a rough start to the week. Crude oil dropped more than $2 on Tuesday, and finished the week with a loss of 12 cents at $65.08 a barrel.
The
Ultra Oil & Gas ProShares (DIG Quote) added 3.5% to $97.24. The
SPDR S&P Oil & Gas Exploration & Production (XOP Quote) ETF ended the week up 2.8% to $47.01. The
SPDR S&P Oil & Gas Equipment & Services (XES Quote) ETF gained 2% to $36.15.
Housing ETFs suffered many pitfalls during the week, including Friday's weak report on pending home sales, as well as a disappointing fiscal second-quarter earnings report from
Hovnanian (HOV Quote) on Thursday.
For the week, the
iShares Dow Jones U.S. Home Construction (ITB Quote) ETF fell 1.7% to finish at $36.70. The
SPDR Homebuilders (XHB Quote) ETF shed 0.8% to $35.25.