Dion's Friday ETF Winners and Losers

Jittery investors flocked to gold ETFs as the volatile market was closing on an up note.
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NEW YORK (TheStreet) -- Welcome to Don Dion's Daily ETF Winners and Losers. Be sure to stop by each day to get a feel of who's winning and who's losing when it comes to ETFs.

Winners

Market Vectors Gold Miners

(GDX) - Get Report

3.7%

The markets are closing this volatile week on an up note, but jittery investors still bid up gold. This has helped the precious metals miners.

Market Vectors Junior Gold Miners ETF

(GDXJ) - Get Report

and

Global X Silver Miners ETF

(SIL) - Get Report

are top winners today.

SPDR Gold Shares

(GLD) - Get Report

,

iShares COMEX Gold Trust

(IAU) - Get Report

and

iShares Silver Trust

(SLV) - Get Report

ended the week on a positive note as well.

United States Oil Fund

(USO) - Get Report

3.3%

Although it tumbled during the first part of the week, oil futures-linked USO managed to regain a good portion of its lost ground on Friday. Crude's gains can be attributed to concerns regarding the weather and the start of the Atlantic hurricane season.

The fund's jump is impressive considering the downward GDP revision presented by the U.S. Commerce Department today.

First Trust S&P REIT ETF

(FRI) - Get Report

2.6%

REITs have been shining on Friday compared to other sectors of the real estate industry. Aside from FRI, other REIT focused ETFs are also scoring gains. Included among them are

SPDR Dow Jones REIT ETF

(RWR) - Get Report

,

iShares Cohen & Seers Realty Majors Index Fund

(ICF) - Get Report

, and

Vanguard REIT Index ETF

(VNQ) - Get Report

.

Market Vectors Indonesia ETF

(IDX) - Get Report

3.2%

Indonesia leads the pack among single-nation international focused ETFs today.

IDX's strength can be attributed to its financial sector, which accounts for more than a quarter of the fund's total portfolio. Indonesia's banks soared on optimism over loan growth.

Losers

iShares Dow Jones U.S. Home Construction Index Fund

(ITB) - Get Report

-0.7%

Homebuilders and other subsectors of the real estate industry have suffered staggering drops in recent weeks as the post homebuyer tax credit hangover sets in.

Earlier in the week investors learned that new home sales dipped 33% in the previous month. On Friday, ITB took an additional hit after top holding

KB Home

(KBH) - Get Report

posted a wider- than- expected loss for the fiscal second quarter.

iShares MSCI Germany Index Fund

(EWG) - Get Report

-0.3%

Ongoing concerns regarding the status of the EU and the euro continues to weigh on ETFs designed to track the bloc's constituents. While

iShares MSCI Spain Index Fund

(EWP) - Get Report

and

iShares MSCI Italy Index Fund

(EWI) - Get Report

have traditionally felt the brunt of the pain, on Friday it was iShares Germany taking the biggest hit.

All prices as of 2:15 PM EST

-- Written by Don Dion in Williamstown, Mass.

At the time of publication, Dion Money Management was long iShares COMES Gold Trust and iShares Cohen & Seers Realty Majors Index Fund.

Don Dion is president and founder of

Dion Money Management

, a fee-based investment advisory firm to affluent individuals, families and nonprofit organizations, where he is responsible for setting investment policy, creating custom portfolios and overseeing the performance of client accounts. Founded in 1996 and based in Williamstown, Mass., Dion Money Management manages assets for clients in 49 states and 11 countries. Dion is a licensed attorney in Massachusetts and Maine and has more than 25 years' experience working in the financial markets, having founded and run two publicly traded companies before establishing Dion Money Management.

Dion also is publisher of the Fidelity Independent Adviser family of newsletters, which provides to a broad range of investors his commentary on the financial markets, with a specific emphasis on mutual funds and exchange-traded funds. With more than 100,000 subscribers in the U.S. and 29 other countries, Fidelity Independent Adviser publishes six monthly newsletters and three weekly newsletters. Its flagship publication, Fidelity Independent Adviser, has been published monthly for 11 years and reaches 40,000 subscribers.