Wednesday's ETF Winners & Losers
Utility-related exchange-traded funds were among the worst performers of Wednesday's market, sinking on the decline in some big names.
Exelon
(EXC) - Get Exelon Corporation Report
,
PG&E
(PCG) - Get PG&E Corporation Report
and
Centerpoint Energy
(CNP) - Get CenterPoint Energy, Inc. Report
were all losing close to 2%.
The
Ultra Utilities ProShares
(UPW) - Get ProShares Ultra Utilities Report
was shedding $2.67, or 3.1%, to $84.23.
iShares S&P Global Utilities
(JXI) - Get iShares Global Utilities ETF Report
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was declining $1.36 or 2.1%, to $62.87.
Utilities HOLDRs
(UTH)
was off $2.08, or 1.4%, to $143.45.
Vanguard Utilities ETF
(VPU) - Get Vanguard Utilities ETF Report
was losing $1.28, or 1.5%, to $84.52.
Funds tracking basic materials also were down. Copper futures were falling 6 cents to $3.39, and mining stocks for companies such as
Rio Tinto
(RTP) - Get Reinvent Technology Partners Class A Report
were declining about 3%.
The Ultra Basic Materials ProShares
(UYM) - Get ProShares Ultra Basic Materials Report
was losing $2.55, or 2.8%, to $89.86. The
SPDR S&P Metals & Mining
(XME) - Get SPDR S&P Metals & Mining ETF Report
was declining $1.33, or 2%, to $65.18. The
iShares Dow Jones US Basic Materials
(IYM) - Get iShares U.S. Basic Materials ETF Report
was off $1.03, or 1.4%, to $70.32.
Bundled securities tracking real estate also suffered, after the National Association of Realtors said it expected home sale prices to fall more than previously expected.
The iShares Dow Jones US Home Construction
(ITB) - Get iShares U.S. Home Construction ETF Report
was falling 63 cents, or 1.7%, to $36.05. The
Ultra Real Estate ProShares
(URE) - Get ProShares Ultra Real Estate Report
was losing 39 cents, or 0.7%, to $59.87.
On the flip side, oil and natural gas funds were among the few winners Wednesday. The front-month crude contract was up 34 cents to $65.95, and natural gas futures were up 5 cents to $8.11. Both traded up after news broke that Turkish troops had crossed into northern Iraq in pursuit of Kurdish guerillas.
United States Natural Gas
(UNG) - Get United States Natural Gas Fund LP Report
was adding 42 cents, or 0.8%, to $52.87.
United States Oil
(USO) - Get United States Oil Fund LP Report
was tacking on 36 cents, or 0.8%, to $50.38. The
iPath Goldman Sachs Crude Oil Index
(OIL) - Get iPath Pure Beta Crude Oil ETN Report
was edging up 28 cents, or 0.7%, to $36.87.
