Materials Select Sector SPDR Fund Faces $90.8M Week Over Week Outflow

Today, we’re examining week-over-week changes in shares outstanding for ETFs tracked by ETF Channel. A notable observation is the Materials Select Sector SPDR Fund (Symbol: XLB), which experienced an outflow of approximately $90.8 million—representing a 1.7% decrease in shares outstanding from 63,323,725 to 62,273,725.

Current Performance of Key Holdings

Looking at the main components within XLB, Air Products & Chemicals Inc (Symbol: APD) is up about 0.6%, Ecolab Inc (Symbol: ECL) has risen around 0.8%, while Freeport-McMoRan Copper & Gold (Symbol: FCX) is down by roughly 3.2%. For a comprehensive list of holdings, please visit the XLB Holdings page.

Price Performance Analysis

The chart below illustrates the one-year price performance of XLB compared to its 200-day moving average:

In the chart, XLB’s 52-week low is $83.04 per share, while its 52-week high is $97.87. The latest trade price stands at $86.93. Comparing this current price with the 200-day moving average serves as a valuable technical analysis tool for investors—learn more about the 200-day moving average.

Understanding ETF Trading Dynamics

Unlike traditional stocks, exchange-traded funds (ETFs) trade in “units.” Investors buy and sell these units, which can be created or destroyed based on investor demand. We track weekly changes in shares outstanding to identify ETFs that are seeing significant inflows or outflows. A creation of new units necessitates purchasing the underlying holdings, while the destruction of units involves selling them—large flows can significantly influence the individual components of the ETFs.

Click here to discover 9 other ETFs that have also experienced notable outflows.

Additionally, see:

• Earnings History
• REE Average Annual Return
• Institutional Holders of EBSB

The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.