Friday's ETF Winners & Losers
Oil-related exchange-traded funds were the best performers of Friday's session, as crude prices reversed early losses and pushed above the $61-a-barrel level.
The
iPath Goldman Sachs Crude Oil Index
(OIL)
ETF was up 1.1% to $38.14, and the
United States Oil
(USO)
ETF was adding 0.9% to $51.78.
The
Telecom HOLDRs
(TTH)
ETF was higher after phone giant
AT&T
(T)
offered regulators new concessions in a bid to get its merger with regional carrier
BellSouth
TheStreet Recommends
(BLS)
approved. The deal is now valued at around $85 billion. The ETF was higher by 25 cents, or 0.7%, to $35.47.
On the flip side, exchange-traded funds tracking gold and mining stocks were among the losers. The
Market Vectors Gold Miners
(GDX)
ETF was losing 1% to $39.76. The
SPDR Metals & Mining
(XME)
ETF was giving back 0.9% to $49.20.
Meanwhile, ETFs related to basic materials were also suffering. The
Vanguard Materials
(VAW)
ETF was recently lower by 0.6% to $70.77. The
iShares Dow Jones U.S. Basic Materials
(IYM)
ETF was off 0.7% to $59.10.
The
PowerShares Lux Nanotech
(PXN)
ETF was also losing ground after holding
Arrowhead Research
(ARWR)
was sliding by nearly 3%. The ETF was falling by 13 cents, or 0.8%, to $17.26.
