Monday's ETF Winners & Losers

The iShares Goldman Sachs Networking(IGN Quote) exchange-traded fund was the biggest loser Monday, shedding nearly 3% of its value. Of the fund's top 10 holdings, nine were on the downside. Corning(GLW Quote) was down $1.37, or 6%, to $20.78; Marvell Technology(MRVL Quote) was trading down $2.38, or 5.7%, to $39.35; and Cisco Systems(CSCO Quote) was trading off 47 cents, or 2.4%, to $18.92. The Goldman Sachs Networking ETF was recently trading down 84 cents to $27.93.

The iShares Dow Jones U.S. Industrial(IYJ Quote) ETF moved slightly higher ahead of the unofficial start of earnings season. After the bell, Alcoa(AA Quote) posts its second-quarter results. Analysts polled by Thomson First Call project earnings of 86 cents a share on revenue of $8.01 billion. On Friday, General Electric(GE Quote) is scheduled to release its second-quarter earnings. Shares of the ETF were recently trading up 5 cents to $61.28.

Weakness in semiconductor stocks sent shares of the Merrill Lynch Semiconductor HOLDRs(SMH Quote) ETF about 2% lower. Big losers in the ETF included SanDisk(SNDK Quote), which was down $3.09, or 6.5%, to $44.36; and Advanced Micro Devices(AMD Quote), which was lower by 91 cents, or 3.9%, to $22.65. The chip ETF was trading down 68 cents to $31.12.

After taking a hit last week because of worries about North Korea's missile launch, several Pacific Rim ETFs were on the upswing Monday. The iShares MSCI Japan Index(EWJ Quote) was trading up 19 cents, or 1.4%, to $13.67. The iShares MSCI Taiwan Index(EWT Quote), meanwhile, was up 19 cents, or 1.5%, to $12.61.