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Thursday's ETF Winners & Losers

The Broadband HOLDRs is rising.

The

Broadband HOLDRs

(BDH)

exchange-traded fund was one of the best performers of Thursday's session, aided by a broker upgrade of one of its main holdings.

Earlier, Lehman Brothers raised its rating for

Motorola

(MOT)

to overweight from equal-weight, citing improvements in the company's phone unit. Shares of Motorola were adding 2.7%

The Broadband HOLDRs was higher by 22 cents, or 1.5%, at $14.90.

Other tech-related ETFs were also trading higher, benefiting not only from Motorola's gain but increases in

Apple

(AAPL) - Get Apple Inc. (AAPL) Report

,

Cisco

(CSCO) - Get Cisco Systems, Inc. Report

,

Applied Materials

(AMAT) - Get Applied Materials, Inc. Report

and

SanDisk

(SNDK)

, all of which helped the

Nasdaq Composite

overcome early weakness.

The

First Trust Nasdaq 100 Tech Index

(QTEC) - Get First Trust NASDAQ-100 Technology Sector Index Fund Report

was up 45 cents, or 2.1%, to $22.06. The

Ultra Semiconductor ProShares

(USD) - Get ProShares Ultra Semiconductors Report

ETF was gaining $1.37, or 1.7%, to $84.51. The

Ultra Technology ProShares

TheStreet Recommends

(ROM) - Get ProShares Ultra Technology Report

ETF rose $1.10, or 1.4%, to $79.

On the other hand, financial and bank-related bundled securities continued to weaken. Related stocks were under pressure on fears that

Federal Reserve

Chairman Ben Bernanke will offer no solace to liquidity issues when he delivers a speech on monetary policy on Friday.

The

Ultra Financials ProShares

(UYG) - Get ProShares Ultra Financials Report

ETF was losing 91 cents, or 1.7%, to $53.82. The

iShares S&P Global Financials

(IXG) - Get iShares Global Financials ETF Report

ETF was down $1.40, or 1.6%, to $85.02. The

iShares Dow Jones U.S. Regional Banks

(IAT) - Get iShares U.S. Regional Banks ETF Report

ETF was off 68 cents, or 1.5%, to $45.88.

Bundled securities following retailers were also weaker due to a downgrade and earnings news out of the sector.

Sears Holdings

(SHLD)

said after the last close that both net income and sales fell during the second quarter. Results beat the Thomson First Call estimate on a per-share basis, but revenue was lower than expected.

Meanwhile, Merrill Lynch downgraded the world's largest retailer

Wal-Mart

(WMT) - Get Walmart Inc. Report

to sell from neutral, citing shrinking margins.

The

SPDR S&P Retail

(XRT) - Get SPDR S&P Retail ETF Report

ETF was lower by 49 cents, or 1.2%, to $39.19. The

PowerShares Dynamic Retail

(PMR) - Get Invesco Dynamic Retail ETF Report

ETF was sliding by 14 cents, or 0.8%, to $18.19. The

Retail HOLDRs

(RTH) - Get VanEck Vectors Retail ETF Report

ETF was off 56 cents, or 0.6%, to $99.99.