Tuesday's ETF Winners & Losers

Chip funds are rising.
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Bundled securities tracking the semiconductor sector were among the best performers of Tuesday's session, boosted by a 10% rise in shares of

Novellus

(NVLS)

.

Late Monday, Novellus handily beat estimates for second-quarter results, and the chipmaker said orders for the third quarter would be flat to 5% higher.

Other semiconductor stocks benefited from the news, including

Altera

(ALTR) - Get Report

,

Applied Materials

(AMAT) - Get Report

,

KLA-Tencor

(KLAC) - Get Report

and

Xilinx

(XLNX) - Get Report

, which were higher by 2% or more.

Among ETFs, the

Ultra Semiconductor ProShares

(USD) - Get Report

was adding $2.10, or 2.2%, to $96.70. The

PowerShares Dynamic Semiconductors

(PSI) - Get Report

ETF was rising 24 cents, or 1.2%, to $20.39. The

Semiconductor HOLDRs

(SMH) - Get Report

gained 34 cents, or 0.8%, to $40.64. The

iShares S&P GSTI Semiconductor

(IGW)

ETF was up 46 cents, or 0.7%, to $70.26.

Elsewhere, the

Ultra Basic Materials ProShares

(UYM) - Get Report

ETF was higher by $1.01, or 1%, to $100.31. The

Vanguard Materials

(VAW) - Get Report

ETF rose 54 cents, or 0.6%, to $89.59. The

iShares Dow Jones U.S. Basic Materials

(IYM) - Get Report

ETF was adding 36 cents, or 0.5%, to $74.58.

On the losing side, many ETFs in the HealthShares family were suffering the worst losses. The

HealthShares Metabolic-Endocrine

(HHM)

ETF was losing 5.9% to $23.11, the

HealthShares Cardiology

(HRD)

ETF was off 2.7% at $24.17, and the

HealthShares Infectious Disease

(HHG)

was down 2.5% at $24.51.

The

United States Natural Gas

(UNG) - Get Report

ETF was also among the worst performers of the session, as the price of natural gas slumped another 13 cents on the Nymex to $6.24 per million British thermal units. The ETF was losing 87 cents, or 2.1%, to $40.40.