Monday's ETF Winners & Losers
Oil- and gas-related exchange-traded funds were among the top performers of Monday's market, as crude futures rebounded from Friday's selloff.
The front-month crude contract was trading up 72 cents to $65.48 Monday afternoon, after Iran's oil minister said OPEC had no plans to increase supply to the market before September. Crude futures plummeted more than $2 a barrel Friday, after a cyclone in the Persian Gulf largely spared the region's oil infrastructure of major damage.
The
SPDR S&P Oil & Gas Equipment & Services
(XES) - Get Report
was adding 86 cents, or 2.4%, to $36.12. The
Ultra Oil & Gas ProShares
(DIG) - Get Report
was rising $2.48, or 2.6%, to $96.28. The
iShares Dow Jones U.S. Oil Equipment Index
(IEZ) - Get Report
was gaining $1.06, or 1.9%, to $55.96. The
Oil Service HOLDRs
(OIH) - Get Report
was tacking on $2.95, or 1.7%, to $170.38.
ETFs tracking metals also were ascending, following rising gold, silver and copper futures. The July gold contract was up $7.50 an ounce to $655. The July silver contract was gaining 24 cents to $13.28 and copper was adding 9 cents to $3.35.
The
PowerShares DB Base Metals
(DBB) - Get Report
was adding 55 cents, or 2.1%, to $26.67. The
iShares Silver Trust
(SLV) - Get Report
was gaining $1.55, or 1.1%, to $131.85. The
PowerShares DB Precious Metals
(DBP) - Get Report
was rising 29 cents, or 1.1%, to $25.88.
Utility-related funds also were climbing along with the larger market, despite bond yields again edging up. Normally rate-sensitive utility stocks like
Exelon
(EXC) - Get Report
and
Centerpoint Energy
(CNP) - Get Report
were both rising more than 1.6%.
Ultra Utilities ProShares
(UPW) - Get Report
was gaining $2.62, or 3.3%, to $82.69. The
Utilities Select Sector SPDR
(XLU) - Get Report
was gaining 65 cents, or 1.7%, to $39.93.
Bundled securities tracking real estate were among the poorest performers of the day. Luxury homebuilder
WCI Communities
(WCI)
was losing about 3% after Carl Ichan asked fellow investors to boycott a shareholder meeting Friday, as he continues to pursue a majority stake in the company. Other major builders like
Hovnanian
(HOV) - Get Report
also were losing ground.
Ultra Real Estate ProShares
(URE) - Get Report
was losing 90 cents, or 1.6%, to $56.15.
SPDR S&P Homebuilders
(XHB) - Get Report
was off 44 cents, or 1.3%, to $33.42.