Health Care Sector ETF Sees Significant Outflow This Week
The Health Care Select Sector SPDR Fund (Symbol: XLV) reported a notable $259.2 million outflow this week, marking a 0.6% decline in shares outstanding from 270,515,324 to 268,765,324.
Performance of Key Holdings
Among XLV’s major holdings, Danaher Corp (Symbol: DHR) decreased by approximately 0.5%. Meanwhile, Pfizer Inc (Symbol: PFE) saw a slight increase of about 0.2%, and Boston Scientific Corp. (Symbol: BSX) rose by 0.1%. For detailed information on all holdings, check the XLV Holdings page.
Chart Overview and Price Range
The chart below illustrates XLV’s price performance over the past year against its 200-day moving average:
XLV reached a low of $124.60 and a high of $159.64 within the past year, with the most recent trading price at $148.38. Analyzing this recent share price in relation to the 200-day moving average can provide valuable insights into market trends.
Understanding ETF Trading Mechanics
Exchange traded funds (ETFs) operate similarly to stocks; however, investors buy and sell “units” instead of shares. These “units” can be traded like stocks and can also be created or destroyed to meet investor demand. Each week, we analyze changes in shares outstanding to identify ETFs experiencing significant inflows or outflows. When new units are created, it necessitates purchasing the underlying assets of the ETF. Conversely, when units are destroyed, it involves selling these holdings, which can also affect the individual securities within the ETF.
Click here to discover which 9 other ETFs faced notable outflows this week »
Additional Resources:
- Diagnostics Dividend Stocks
- ETFs Holding REIS
- WETF Price Target
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
