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Dynegy Deal Lifts Utility ETFs

Utility ETFs are rising on Friday amid lackluster trading in stocks.



) -- Utility ETFs rose on Friday amid lackluster trading in stocks. Blackstone's buyout of



and overall weakness in sentiment lifted demand.

The buyout of Dynegy by Blackstone sent the stock soaring nearly 60%, helping to lift other utility stocks. Uncertainty about economic growth also pushed investors towards the sector, traditionally viewed as safe-haven equity stocks because of their high dividend yield.


Utilities Select Sector SPDR

(XLU) - Get Utilities Select Sector SPDR Fund Report

is gaining 0.9%, with its top holdings

Southern Company

(SO) - Get Southern Company (The) Report


Exelon Corp

(EXC) - Get Exelon Corporation Report

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gaining about 0.9% each.

Also gaining is the

iShares Dow Jones US Utilities ETF

(IDU) - Get iShares U.S. Utilities ETF Report

, up 0.6% and the

Vanguard Utilities Index

(VPU) - Get Vanguard Utilities ETF Report

is up 0.7%.

Treasury ETFs continue to be popular with investors with the

iShares Barclays 20+Year Treasury

(TLT) - Get iShares 20+ Year Treasury Bond ETF Report

gaining 1%. The 10-year bond yield slid to 2.704%.

Other ETFs gaining on Friday include the

Market Vectors Gaming ETF

(BJK) - Get VanEck Gaming ETF Report

up 0.6% and

Market Vector Solar ETF


up 0.5%.

-- Reported by Shanthi Venkataraman in New York.

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Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.