Thursday's ETF Winners & Losers - TheStreet

Thursday's ETF Winners & Losers

Exchange-traded funds tracking U.S. Treasuries were among the few winners during the market's plunge Thursday.
Author:
Publish date:

Bundled securities following U.S. Treasuries were among few winners of a weak session Thursday, as traders made a flight to quality from falling equities into bonds.

The 10-year note was rallying 27/32 in price, yielding 4.79%, and the 30-year bond was higher by 1 3/32, yielding 4.95%.

The

iShares Lehman 20+ Year Treasury Bond

(TLT) - Get Report

was adding 97 cents, or 1.1%, to $87.28. The

SPDR Lehman Long Term Treasury

(TLO)

was higher by 45 cents, or 0.9%, to $50.61. The

iShares Lehman 10-20 Year Treasury Bond

(TLH) - Get Report

was up 75 cents, or 0.8%, to $99.45.

Nearly every other sector-related ETF was trading lower, particularly basic-materials-related funds. Among individual stocks,

Alcoa

(AA) - Get Report

,

Dow Chemical

(DOW) - Get Report

and

Freeport-McMoRan

(FCX) - Get Report

slumped 5% or more.

The

Ultra Basic Materials ProShares

(UYM) - Get Report

dropped $8.27, or 8.9%, to $84.31. The

iShares Dow Jones U.S. Basic Materials

(IYM) - Get Report

was down $2.92, or 4.1%, to $68.74. The

Vanguard Materials

(VAW) - Get Report

ETF was shedding $3.39, or 4%, to $82.53. The

Materials Select Sector SPDR

(XLB) - Get Report

was losing $1.56, or 3.8%, to $39.64.

The

Internet Infrastructure HOLDRs

(IIH)

was also hit hard, as holding

Akamai Technologies

(AKAM) - Get Report

plummeted 20% after being downgraded by three firms a day after reporting earnings in line with analysts estimates and beating revenue expectations. The ETF was losing 39 cents, or 7%, to $5.19.

Utility-related ETFs were also getting crushed. Among individual names,

Exelon

(EXC) - Get Report

,

Entergy

(ETR) - Get Report

, and

Public Service Enterprise Group

(PEG) - Get Report

were all losing at least 3%.

The

Ultra Utilities ProShares

(UPW) - Get Report

was dropping $4.67, or 5.9%, to $74.92. The

Utilities Select Sector SPDR

(XLU) - Get Report

shed $1.07, or 2.7%, to $38.53. The

Utilities HOLDRs

(UTH)

was down $3.77, or 2.7%, to $138.52.