Wednesday's ETF Winners & Losers

Cisco's (CSCO Quote) earnings beat and positive revenue growth forecast made the iShares Goldman Sachs Networking(IGN Quote) and the Internet Architecture HOLDRs(IAH Quote) the best gainers Wednesday. The ETFs were recently up 3.1% and 2.6%, respectively.

ETFs related to semiconductors were also among the best performers after Matrix Research upgraded Texas Instruments(TXN Quote) to strong buy from buy. The SPDR Semiconductor(XSD Quote) ETF rose 2.2% to $44.28, the Semiconductor HOLDRs(SMH Quote) ETF was higher by 1.8% to $31.95 and the PowerShares Dynamic Semiconductors(PSI Quote) ETF was gaining 1% to $15.92.

Utility ETFs traded higher as the price of crude topped its record closing price of $77.03, following an Energy Department inventory report that showed declines in crude, gasoline and distillate stocks. Meanwhile, BP's(BP Quote) Prudhoe Bay pipeline in Alaska was still offline.

PowerShares Dynamic Utilities(PUI Quote) was rising 0.9% to $17.74, the Utilities HOLDRs(UTH Quote) was recently up 0.8% to $124.16, the iShares Dow Jones US Utilities(IDU Quote) was gaining 0.6% to $83.43 and the Utilities Select Sector SPDR(XLU Quote) was tacking on 0.5% to $34.15.

Meanwhile, ETFs tracking construction and real estate had some of the worst returns for a second straight session after homebuilder Toll Brothers (TOL Quote) cut its full-year order forecast again.

The iShares Dow Jones U.S. Home Construction(ITB Quote) was falling by 3.9% to $34.24, the SPDR Homebuilders(XHB Quote) ETF was lower by 3.8% to $30.42, and the PowerShares Dynamic Building & Construction(ICF Quote) ETF was losing 2.7% to $14.29,