Wednesday's ETF Winners & Losers

Securities tracking homebuilders rise.
Publish date:

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


jumped 10%,


(HOV) - Get Report

added 3.9%, and both




Beazer Homes

(BZH) - Get Report

rose 2.5%.


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.


Broadband HOLDRs


was also higher. Holding


(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


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