Bundled securities tracking energy were among the top-performing exchange-traded funds Tuesday, as oil futures rose above the $59-a-barrel level.
Crude futures moved higher after the United Arab Emirates said it plans to lower experts next month, following OPEC's lead in cutting production. The
Oil Service HOLDRs
ETF was rising by 3.4%, to $134.24. The
iShares Dow Jones U.S. Oil Equipment Index
ETF was adding 3.2%, to $43.72. The
SPDR Oil & Gas Equipment & Services
ETF was gaining 2.7% to $28.14. The
PowerShares Dynamic Oil & Gas Services
ETF was up 2.6% to $19.27.
The individual names boosting the ETFs included
, which was adding 2.1%; and
, higher by 2.1%.
iShares Dow Jones U.S. Home Construction
ETF was up amid strength in homebuilders.
all were higher by 3% or more. The ETF was gaining 55 cents, or 1.5%, to $38.28.
Among losers, the
B2B Internet HOLDRs
ETF was Tuesday's worst performer, falling 3.7%. Major holding
was losing 4.1%.
ETFs related to semiconductors were also weaker after
posted third-quarter sales results that came in just short of the $3.8 billion target.
ETF was down 1.2%, to $33.46. The
PowerShares Dynamic Semiconductors
ETF was trading at $17.01, off 1.1%. The
iShares Goldman Sachs Semiconductor
ETF was giving back 39 cents, or 0.7%, to $59.77. The
ETF was down 30 cents, or 0.6%, to $47.19.