Notable ETF Movers of the Day 09/14: (SPY) (XME) (RSX) Higher; (XLU) Lower

SPDR S&P 500 (NYSE: SPY) is trading higher by 0.7 percent, adding to yesterday’s gains and posting another 52-week higher. Investors everywhere are cheering helicopter Ben Bernanke and his new, ultra easy money policy announced yesterday. Skeptics claim the hangover could prove to be painful, but for now it is party-on.

Gainers:

SPDR S&P Metals & Mining (NYSE: XME) gained 3.1 percent to 48.02. It was another stellar day for metals and mining companies. Investors are reacting to the Fed by betting on hard assets, especially metals. Coeur d'Alene Mines Corporation (NYSE: CDE), the largest U.S. based silver producer, is the top holding in XME. Today it is higher by 3.8 percent.

Market Vectors Russia ETF (NYSE: RSX) gained 2.7 percent. Energy is a large sector of Russia’s equity market and related names are moving higher in response to a rally in the space. RSX is also getting a boost by a sharp decline in the value of the U.S. dollar. Again, the move in this sector is related to yesterday’s Fed announcement.

Decliners:

Utilities Select Sector SPDR (NYSE: XLU) declined 0.75 percent to 36.5. The decline in utilities isn’t a surprise considering investors' huge appetite for risk today. Southern Company (NYSE: SO) is having a particularly bad day, declining by 2.65 percent.

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