This Week's ETF Winners & Losers

Bundled securities tracking semiconductors were among the best performers of a strong week, as the sector benefited from an upgrade of Intel (INTC Quote) on Friday.

Goldman Sachs raised its rating for Intel to buy from neutral, capping off the stock's 11% rise for the week. Other strong names in the group were Applied Materials (AMAT Quote), KLA-Tencor (KLAC Quote), Texas Instruments (TXN Quote) and Linear Technology (LLTC Quote).

The Ultra Semiconductor ProShares (USD Quote) ETF added 10% to $85.66. The Semiconductor HOLDRs (SMH Quote) finished 4.1% higher at $38.24. The iShares Goldman Sachs Semiconductor (IGW Quote) ETF climbed 3.4% to $66.57, and the SPDR S&P Semiconductor (XSD Quote) ETF rose 2.7% to $53.51.

Securities tracking crude oil were also among the gainers, even after the front-month July contract had a rough start to the week. Crude oil finished the week with a gain of 5% at $68 a barrel.

The Ultra Oil & Gas ProShares (DIG Quote) added 9.8% to $102.97. The Oil Services HOLDRs (OIH Quote) ended the week up 6.2% to $177.65. The SPDR S&P Oil & Gas Equipment & Services (XES Quote) ETF gained 5.9% to $37.35. The iPath S&P Crude Oil Index (OIL Quote) added 5.1% to $37.89.

The Internet Infrastructure HOLDRs (IIH Quote) was also among the winners of the week, thanks to advances of 7% or more in holdings Akamai Technologies (AKAM Quote) and Vivo Participacoes (VIV Quote). The ETF ended higher by 3% to $5.55.

Housing ETFs suffered losses during the week, following the Federal Reserve's regional business survey, known as the beige book. In the report, several regions reported continued weakness in residential construction and real estate.

Among individual names, Hovnanian (HOV Quote) slid 6.7%, Pulte Homes (PHM Quote) lost 3.6%, Toll Brothers (TOL Quote) fell 3.3% and Lennar (LEN Quote) finished the week down 3.2%.

For the week, the iShares Dow Jones U.S. Home Construction (ITB Quote) ETF fell 2.8% to finish at $34.32. The SPDR Homebuilders (XHB Quote) ETF shed 2.2% to $33.11.