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Tuesday's ETF Winners & Losers

Homebuilder-related funds were among the top performers Tuesday.

Exchange-traded funds tracking homebuilders were among the best performers in an otherwise weak session Tuesday, despite a disappointing report on pending home sales.

The National Association of Realtors said that its pending home sales index dropped a greater-than-expected 6.5% in August. Economists expected a 2% decline in sales. Following the report, the Philadelphia Housing Sector Index rose 1.3%.


(HOV) - Get Hovnanian Enterprises, Inc. Class A Report


Toll Brothers

(TOL) - Get Toll Brothers, Inc. Report


D.R. Horton

(DHI) - Get D.R. Horton, Inc. Report



(LEN) - Get Lennar Corporation Class A Report




all jumped 4.5% or more.


iShares Dow Jones U.S. Home Construction

(ITB) - Get iShares U.S. Home Construction ETF Report

was up $1.10, or 5.3%, to $21.85. The

SPDR S&P Homebuilders

(XHB) - Get SPDR S&P Homebuilders ETF Report

rose $1.03, or 4.7%, to $23.12.

Bundled securities related to financials were on the rise after several M&A headlines emerged from the sector.


(C) - Get Citigroup Inc. Report

said it will acquire the rest of Nikko Cordial, a Japan-based broker, for $4.6 billion. On Monday, Citigroup was part of a rally in the financial sector, despite acknowledging that third-quarter earnings should drop 60% from a year ago.

Another deal will see

Commerce Bancorp

(CBH) - Get AllianzGI Convertible & Income 2024 Target Term Fund Report

, a New Jersey bank, acquired by Canada's

TD Bank

(TD) - Get Toronto-Dominion Bank Report

for $8.5 billion in stock and cash. Additionally,

Royal Bank of Canada

(RY) - Get Royal Bank of Canada Report

laid out plans to buy a Caribbean bank, RBTT Financial Group, for roughly $2.2 billion.

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Rydex S&P Equal Weight Financials

(RYF) - Get Invesco S&P 500 Equal Weight Financials ETF Report

gained 92 cents, or 1.9%, to $48.68. The

Ultra Financials ProShares

(UYG) - Get ProShares Ultra Financials Report

added $1.01, or 1.7%, to $60.55. The

iShares Dow Jones U.S. Regional Banks

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

was higher by 44 cents, or 0.9%, to $46.93. The

iShares Dow Jones U.S. Broker-Dealers

(IAI) - Get iShares U.S. Broker-Dealers & Securities Exchanges ETF Report

advanced 64 cents, or 1.2%, to $53.95.

Asian market-related ETFs were also higher after overseas indices rallied in the wake of record highs for U.S. averages. Hong Kong's Hang Seng surged 3.9% and Japan's Nikkei advanced 1.2%.


SPDR S&P China

(GXC) - Get SPDR S&P China ETF Report

was up $2.34, or 2.4%, to $98.75. The

iShares FTSE/Xinhau China 25 Index

(FXI) - Get iShares China Large-Cap ETF Report

gained $4.49, or 2.4%, to $189.74. The

SPDR S&P Emerging Asia Pacific

(GMF) - Get SPDR S&P Emerging Asia Pacific ETF Report

added $1.03, or 1.1%, to $91.50.

On the other hand, ETFs tracking gold and silver were among the worst performers of Monday's session as commodity futures dropped in price. Recently, gold prices were dropping $19.70 to $734.40 an ounce. Silver was tumbling 53 cents to $13.32 an ounce.


Market Vectors Gold Miners

(GDX) - Get VanEck Vectors Gold Miners ETF Report

ETF was lower by $2.10, or 4.6%, to $43.72. The

PowerShares DB Silver

(DBS) - Get Invesco DB Silver Fund Report

was down 82 cents, or 3.1%, to $26.05. The

iShares Silver Trust

(SLV) - Get iShares Silver Trust Report

was declining $4.56, or 3.3%, to $131.90. The

PowerShares DB Gold

(DGL) - Get Invesco DB Gold Fund Report

eased 73 cents, or 2.5%, to $28.56.