Energy Sector ETF Sees Significant Outflows in XLE, MPC, PSX, VLO

The State Street Energy Select Sector SPDR ETF (XLE) experienced an outflow of approximately $156.9 million, equating to a 0.4% decrease in shares outstanding from 657,298,400 to 654,848,400 this past week. Key components of XLE include Marathon Petroleum Corp. (MPC), which remained flat, Phillips 66 (PSX), up 0.7%, and Valero Energy Corp (VLO), down 0.6%.

XLE’s current trading price is $63.78, positioned between a 52-week low of $42.35 and a high of $66.17. Monitoring changes in shares outstanding helps gauge the demand for ETFs, impacting their underlying holdings significantly.