Friday's ETF Winners & Losers

Funds tracking the financial sector jumped after the Fed's move to free up credit.
Author:
Publish date:

Exchange-traded funds tracking the financial sector were higher Friday, after the

Federal Reserve

made a surprising cut to the lending rate to banks, calming the turbulent financial markets.

The

PowerShares Dynamic Financials

(PFI) - Get Report

was rising 67 cents, or 2.8%, to $24.84. The

KBW Regional Banking

(KRE) - Get Report

ETF was up $2.01, or 4.5%, to $46.80. The

iShares Dow Jones U.S. Broker-Dealers

(IAI) - Get Report

was adding $2.20, or 4.7%, to $49.90. The

Ultra Financials ProShares

(UYG) - Get Report

gained $3.04, or 5.6%, to $57.14.

Bundled securities tracking REITs were also rebounding. The

iShares FTSE NAREIT Mortgage REITs

(REM) - Get Report

was adding $2.58, or 9.1%, to $30.88. The

iShares FTSE NAREIT Residential

(REZ) - Get Report

was rising by $2.06, or 4.7%, to $45.84. The

Ultra Real Estate ProShares

(URE) - Get Report

was up $2.28, or 5.6%, to $42.73.

Emerging market-related ETFs were also rebounding from the previous session's selloff. The

Vanguard Emerging Markets Stock

(VWO) - Get Report

ETF was up $3.20, or 3.9%, to $85.60. The

BLDRS Emerging Markets 50 ADR Index

(ADRE) - Get Report

was higher by $1.52, or 3.8%, to $41.62. The

iShares MSCI Emerging Markets Index

(EEM) - Get Report

gained $3.99, or 3.4%, to $122.49.

On the other hand, ETFs following U.S. Treasuries were among the only losers during a stronger session for the major averages Friday, as traders pulled money from the bond market and dumped it into equities. Recently, the 10-year Treasury note eased 3/32 in price, yielding 4.67%, and the 30-year bond was losing 10/32, yielding 4.98%

The

SPDR Lehman Long Term Treasury

(TLO)

was shedding 21 cents, or 0.4%, to $50.60. The

iShares Lehman 3-7 Year Treasury Bond

(IEI) - Get Report

dipped 29 cents, or 0.3%, to $101.58.