Major Inflow Boosts Consumer Staples ETF XLP

Walmart and Procter & Gamble Drive Strong Performance in the Sector

This week, the Consumer Staples Select Sector SPDR Fund (Symbol: XLP) has attracted significant attention. It recorded an inflow of approximately $283.2 million, leading to a week-over-week increase of 1.8% in shares outstanding, rising from 207,721,809 to 211,371,809. Major components contributing to this surge include Walmart Inc (Symbol: WMT), which gained around 0.1%, Procter & Gamble Company (Symbol: PG) with a notable increase of about 2.5%, and Altria Group Inc (Symbol: MO), which experienced a decline of around 1%. For a detailed list of holdings, you can visit the XLP Holdings page »

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

Reviewing the data, XLP’s price has fluctuated between a low of $71.57 and a high of $84.53 over the past year, with its latest trading price sitting at $77.60. Monitoring how the current price compares to the 200-day moving average can provide insightful technical analysis opportunities—learn more about the 200-day moving average here.

Exchange-traded funds, or ETFs, operate similarly to stocks, but investors trade “units” instead of “shares.” These units can be created or destroyed based on market demand. Each week, we closely track changes in shares outstanding to identify ETFs with significant inflows, leading to the creation of new units, or outflows, which involve the selling of existing units. These changes can directly impact the underlying assets within the ETFs.

Click here to find out which 9 other ETFs had notable inflows »

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