Materials Select Sector SPDR Fund Sees Significant Inflows as Market Dynamics Shift
Weekly Snapshot Shows $353.9 Million Injection into XLB
Among the ETFs tracked by ETF Channel, one notable performer this week is The Materials Select Sector SPDR Fund (Symbol: XLB). This fund has experienced an inflow of approximately $353.9 million, marking a 6.5% increase in outstanding units from 58,823,725 to 62,673,725. Key components of XLB, such as Sherwin-Williams Co (Symbol: SHW), have seen a slight decline of about 0.9%. In contrast, Air Products & Chemicals Inc (Symbol: APD) is trading flat, while Ecolab Inc (Symbol: ECL) has dropped by about 0.8%. For more details, you can access the complete list of holdings on the XLB Holdings page »
The chart above demonstrates XLB’s performance over the past year alongside its 200-day moving average. The fund’s 52-week low stands at $79.65 per share, while the 52-week high is $97.87. The most recent trade price was $91.69. Evaluating the current share price against the 200-day moving average can serve as a valuable tool for technical analysis—learn more about the 200-day moving average ».
Exchange-traded funds (ETFs) operate similarly to stocks, but instead of “shares,” investors are actually trading “units.” These units can be exchanged like stocks but can also be created or destroyed to meet investor demand. Each week, we analyze changes in shares outstanding to identify ETFs with significant inflows (indicating new units created) or outflows (indicating units destroyed). When new units are created, the underlying assets of the ETF must be bought. Conversely, unit destruction involves selling the underlying assets, leading to substantial shifts in the individual components held within the ETF.
Explore which 9 other ETFs had significant inflows »
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The views and opinions expressed in this article reflect those of the author and do not necessarily represent the views of Nasdaq, Inc.
