Monday's ETF Winners & Losers

Exchange-traded funds tracking financials followed the major markets higher Monday, as shares of Sallie Mae (SLM Quote - Cramer on SLM - Stock Picks) and Citigroup (C Quote - Cramer on C - Stock Picks) climbed on positive news.

Student lender Sallie Mae said it will be acquired by an investor group led by J.C. Flowers in a $25 billion transaction, and shares were up 17.6%. Elsewhere, Citigroup posted first-quarter earnings that beat estimates. Citigroup was adding 3.2%. Wachovia (WB Quote - Cramer on WB - Stock Picks) also posted a first-quarter profit that topped forecasts.

The Ultra Financials ProShares (UYG Quote - Cramer on UYG - Stock Picks) ETF was recently up 3.7% at $67.68. The iShares Dow Jones U.S. Financial Services (IYG Quote - Cramer on IYG - Stock Picks) ETF was adding 2.7% to $131.81. The Financial Select Sector SPDR (XLF Quote - Cramer on XLF - Stock Picks) ETF was higher by 2.4% to $36.57. The iShares Dow Jones U.S. Broker-Dealers (IAI Quote - Cramer on IAI - Stock Picks) climbed 2.5% to $55.50.

The B2B Internet HOLDRs (BHH Quote - Cramer on BHH - Stock Picks) ETF was also gaining ground, as holding Checkfree (CKFR Quote - Cramer on CKFR - Stock Picks) rose 2.9% in early trading. The ETF was gaining 5 cents, or 2.3%, to $2.19.

Meanwhile, ETFs tracking silver were among the day's losers. Silver futures were losing 17.5 cents to $13.91 an ounce. The PowerShares DB Silver (DBS Quote - Cramer on DBS - Stock Picks) was losing 1.1% to $27.34. The iShares Silver Trust (SLV Quote - Cramer on SLV - Stock Picks) was lower by 1% to $138.55.

Energy-related ETFs were falling as crude oil retraced early gains in a volatile session. May oil futures were tumbling 83 cents to $62.80 a barrel.

The iPath Goldman Sachs Crude Oil Index (OIL Quote - Cramer on OIL - Stock Picks) was giving back 52 cents, or 1.3%, to $37.25. The United States Oil (USO Quote - Cramer on USO - Stock Picks) ETF was lower by 66 cents, or 1.3%, to $50.86. The PowerShares DB Oil (DBO Quote - Cramer on DBO - Stock Picks) ETF was off 14 cents, or 0.5%, to $26.44.