Wednesday's ETF Winners & Losers

Real estate and homebuilder-related funds were among Wednesday's top performers.
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Several interest rate-sensitive exchange-traded funds were rallying Wednesday, one day after the

Federal Reserve

cut rates by a surprising 50 basis points.

Among bundled securities tracking real estate, the

First Trust S&P REIT

(FRI) - Get Report

ETF jumped $1.10, or 6.2%, to $18.88. The

Ultra Real Estate ProShares

(URE) - Get Report

was up $2.10, or 4.5%, to $49.30. The

iShares Dow Jones U.S. Real Estate

(IYR) - Get Report

rose $1.86, or 2.4%, to $78.11.

Bundled securities tracking basic materials were also among the best performers, thanks to gains by

Alcoa

(AA) - Get Report

,

Freeport McMoRan

(FCX) - Get Report

,

Monsanto

(MON)

and

Nucor

(NUE) - Get Report

.

The

Ultra Basic Materials ProShares

(UYM) - Get Report

was up $4.22, or 4.6%, to $95.21. The

Vanguard Materials

(VAW) - Get Report

ETF rose $1.89, or 2.2%, to $87.19. The

PowerShares FTSE RAFI Basic Materials

(PRFM)

ETF was adding $1.48, or 2.3%, to $67.37. The

Materials Select Sector SPDR

(XLB) - Get Report

was higher by 78 cents, or 1.9%, to $42.08.

Financial ETFs, which slumped due to liquidity problems and tightening credit markets, rallied thanks to the interest rate cut. Embattled finance concerns, including

Countrywide

(CFC)

, were on the rise Wednesday.

The

Ultra Financials ProShares

(UYG) - Get Report

gained $1.21, or 2.1%, to $60.21. The

Financial Select Sector SPDR

(XLF) - Get Report

was up 44 cents, or 1.3%, to $35.37. The

Vanguard Financials

(VFH) - Get Report

ETF was advancing by 59 cents, or 1 %, to $62.71. The

iShares Dow Jones U.S. Financial Sector

(IYF) - Get Report

was adding $1.14, or 1%, to $112.80.

Home construction-related ETFs were also gaining ground.

D.R. Horton

(DHI) - Get Report

,

Lennar

(LEN) - Get Report

,

Centex

(CTX)

and

Beazer Homes

(BZH) - Get Report

were all jumping by 3.5% or more.

The

iShares Dow Jones U.S. Home Construction

(ITB) - Get Report

was up 69 cents, or 2.8%, to $24.62. The

SPDR S&P Homebuilders

(XHB) - Get Report

was climbing 53 cents, or 2.1%, to $25.38.

Once again, the

United States Natural Gas

(UNG) - Get Report

was the worst decliner of the session as natural gas futures fell 31 cents to $6.26 per million British thermal units. The ETF was lower by $1.26, or 3.2%, to $38.68.