The State Street Materials Select Sector SPDR ETF (XLB) has experienced a significant inflow of approximately $338.7 million, reflecting a 5.9% week-over-week increase in outstanding units, from 117,547,450 to 124,497,450. This change was noted in the week ending recently, and the ETF’s latest trade price stands at $48.84, near its 52-week high of $49.14 and well above its low of $36.56.
Key underlying components boosting XLB include Ecolab Inc (ECL) with a 0.8% increase, Air Products & Chemicals Inc (APD) at 0.9%, and Corteva Inc (CTVA) rising by 1.3%. These movements contribute to the overall performance of the ETF as investor demand drives the creation of new units.
