Internet Infrastructure HOLDRs
exchange-traded fund was one of the best performers of the week, as the volatile software sector turned higher and supported the
Among the ETF's holdings,
(VRSN - Get Report)
(AKAM - Get Report)
was up 2.4%, and
rose 2.2%. The ETF gained 3.5% to end the week at $5.73.
A huge earnings beat by
Research in Motion
late Thursday propelled the
ETF higher. On Friday, RIM was also upgraded by Bank of America and JMP Securities, and the stock soared 17.2% over the five sessions. The ETF added 2% to $68.26.
Housing-related ETFs were among the worst performers. On Tuesday, the Commerce Department said new-home sales fell 1.6% last month to an annual rate of 915,000 units, below economists' expectations. A hefty downward revision was made to April's figure, which was changed to 930,000 units from 981,000. On Thursday,
said it swung to a second-quarter loss due to lower demand and dwindling home prices.
For the week, the
iShares Dow Jones U.S. Home Construction
ETF fell 4.9% to finish at $31.31. The
ETF shed 4.3% to $30.36.
United States Natural Gas
ETF was also among the week's biggest losers, after a larger-than-expected build in natural gas inventories. On Thursday, the Energy Department said that natural gas supplies rose by 99 billion cubic feet last week, sending natural gas lower by 5% to $6.77 for the week, close to a two-year low. The ETF lost 6% to $43.56.
Elsewhere, ETFs tracking silver were among the decliners, as silver futures dropped 4.2% to close Friday at $12.47 an ounce. The
PowerShares DB Silver
ETF was lower by 5.6% to $24.39.The
iShares Silver Trust
fell 5.1% to $123.38.
Gold-related ETFs also dropped. Futures ended lower by 0.9% at $650.90 an ounce. The
Market Vectors Gold Miners
ETF dipped 2.3% to $37.89. The
iShares Comex Gold Trust
closed lower by 0.9% to $64.30, and the
streetTRACKS Gold Shares
ETF lost 0.8% to end the week at $64.29.