Wednesday's ETF Winners & Losers

Securities tracking homebuilders rise.
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Bundled securities tracking homebuilders were among the best performers Wednesday. Fears of the effect of the slumping subprime sector lessened after the Mortgage Bankers Association said its seasonally adjusted mortgage application activity index rose 2.8% last week.

Among individual names,

Champion Enterprises

(CHB)

jumped 10%,

Hovnanian

(HOV) - Get Report

added 3.9%, and both

Centex

(CTX)

and

Beazer Homes

(BZH) - Get Report

rose 2.5%.

The

iShares Dow Jones U.S. Home Construction

(ITB) - Get Report

ETF was rising 2.4% at $35.66. The

SPDR Homebuilders

(XHB) - Get Report

ETF was higher by 1.7% at $33.52.

The

Broadband HOLDRs

(BDH)

was also higher. Holding

Qualcomm

(QCOM) - Get Report

was higher by 3.8% on an upgrade from JPMorgan. The ETF was adding 32 cents, or 2.1%, to $15.95.

Energy-related ETFs were also trading higher. The front-month April contract rebounded from early weakness following inventory data from the Energy Department. Crude was recently adding 36 cents to $58.29 a barrel. The

Energy Select Sector SPDR

(XLE) - Get Report

was rising 1.3% to $57.27, and the

Oil Services HOLDRs

(OIH) - Get Report

was gaining 1.1% to $139.12.

On the flipside, the

SPDR S&P Pharmaceuticals

(XPH) - Get Report

ETF was among the few losers Wednesday. Holding

Medicis Pharmaceutical

(MRX)

slipped 2%, and the ETF was falling 37 cents, or 1.1%, to $33.47.