Health Care Sector ETF Sees Notable Outflows
A recent analysis highlights significant week-over-week changes in shares outstanding for Exchange Traded Funds (ETFs), particularly the Health Care Select Sector SPDR Fund (Symbol: XLV). This fund experienced roughly $101.8 million in outflows, translating to a 0.3% decrease in shares outstanding—dropping from 269,665,324 to 268,965,324. Notably, some major companies within XLV have also seen declines in their stock prices today, with Thermo Fisher Scientific Inc (Symbol: TMO) falling about 1.1%, Amgen Inc (Symbol: AMGN) down approximately 11.9%, and Danaher Corp (Symbol: DHR) decreasing by about 1.4%. To explore the complete list of XLV’s holdings, visit the XLV Holdings page.
The accompanying chart illustrates XLV’s one-year price performance relative to its 200-day moving average:
In examining the chart, XLV’s 52-week low stands at $129.33 per share, while the 52-week high reaches $159.64. The most recent trading price is $144.84. Analyzing the current share price against the 200-day moving average can provide valuable insights into the fund’s performance over time.
Exchange Traded Funds (ETFs) function similarly to stocks, but instead of trading “shares,” investors are buying and selling “units.” These units can move freely in the market and are adjusted based on investor demand—new units can be created or existing ones destroyed. We track week-over-week changes in shares outstanding to identify ETFs experiencing significant inflows (new units created) or outflows (old units removed). When new units are created, holdings within the ETF must be purchased; conversely, the destruction of units necessitates selling the underlying assets. Consequently, large trading volumes can affect the individual components held within an ETF.
Click here to find out which 9 other ETFs experienced notable outflows »
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The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
