Major Outflow Detected in Utilities Select Sector ETF: Key Insights
Recent data from ETF Channel reveals a significant outflow in The Utilities Select Sector SPDR Fund (Symbol: XLU), totaling approximately $230.2 million. This marks a 1.2% week-over-week decrease in shares outstanding, going from 232,574,160 to 229,774,160. Looking at the fund’s main holdings today, NextEra Energy Inc (Symbol: NEE) has dipped about 0.3%, while Southern Company (Symbol: SO) and Duke Energy Corp (Symbol: DUK) have each seen a modest rise of about 0.3%. To explore all the ETF’s holdings, visit the XLU Holdings page »
The chart below illustrates XLU’s price performance over the past year, especially in relation to its 200-day moving average:
Analyzing the chart, XLU’s 52-week low stands at $57.04 per share, while its 52-week high reaches $82.50. The last recorded trade price was $82.03. Comparing the latest share price against the 200-day moving average supports technical analysis strategies—learn more about the 200-day moving average ».
Exchange-traded funds (ETFs) operate like stocks, but when investors buy or sell, they are actually trading “units.” These units can be exchanged like stocks but can also be created or destroyed based on investor demand. Each week, we review changes in shares outstanding to identify ETFs with significant inflows (indicating new units created) or outflows (revealing old units destroyed). The creation of new units necessitates purchasing the ETF’s underlying holdings, while unit destruction means selling those holdings, which can influence individual components within the ETF.
Click here to find out which 9 other ETFs experienced notable outflows »
Also see:
- Top Stocks Held By Jeremy Grantham
- ETFs Holding JNJ
- Southwest Airlines Average Annual Return
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
