Real estate exchange-traded funds were the best performers of a holiday-shortened week, after Blackstone Group (BX Quote) bid $26 billion for Hilton Hotels (HLT Quote).
Shares of Hilton soared 36.5% over the four sessions. Speculation as to which would be the next takeover target powered other hotel stocks. Starwood Hotels (HOT Quote) rose 11%, Marriott (MAR Quote) added 9%, and Host Hotels & Resorts (HST Quote) gained 8.9%.
The Ultra Real Estate ProShares (URE Quote) rose 7.1% during the week to $53.59. The Vanguard REIT Index ETF (VNQ Quote) was higher by 3.4% to $73.39. The DJ Wilshire REIT (RWR Quote) ETF added 3.3% to $83.85. ...
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