Wednesday's ETF Winners & Losers

The Wireless HOLDRs(WMH Quote) was Wednesday's best-performing ETF, up 2.4%, as major holding Motorola(MOT Quote) rose 2.6%.

Combined with jumps in Corning(GLW Quote) and Lucent(LU Quote), Motorola also supported the Broadband HOLDRs(BDH Quote) ETF, which was recently higher by 33 cents, or 2%, to $17.06.

Bundled securities tracking semiconductors were also advancing. Among the strongest stock performers, National Semiconductor(NSM Quote) was up 3.8%, Advanced Micro Devices(AMD Quote) climbed 2.3%, Nvidia(NVDA Quote) was gaining 2%, and Intel(INTC Quote) was tacking on nearly 1%.

The PowerShares Dynamic Semiconductors(PSI Quote) ETF was rising by 1.7% to $16.95. The iShares Goldman Sachs Semiconductor(IGW Quote) ETF was higher by 1.6% to $60.84. The Semiconductor HOLDRs(SMH Quote) ETF was tacking on 1.1% to $34.28.

ETFs related to oil services were weaker, as oil prices sank to their lowest levels in two months following the Energy Department's bearish weekly inventory report. Crude recently traded down 31 cents to $69.40 a barrel, having touched an intraday low of $68.65.

The PowerShares Dynamic Energy Exploration(PXE Quote) ETF was sinking by 2.5% to $18.88. The iShares Dow Jones U.S. Oil Equipment Index(IEZ Quote) ETF was falling by 2.1% to $43.86. The Oil Service HOLDRs(OIH Quote) ETF was losing 1.8% to $134.95.

Housing construction ETFs were also falling after JPMorgan Chase downgraded homebuilder Hovnanian(HOV Quote) to neutral from overweight, pressuring the sector.

The iShares Dow Jones U.S. Home Construction(ITB Quote) ETF was losing 0.8% to $35.17, while the SPDR Homebuilders(XHB Quote) ETF was lower by 0.6% to $31.09.