Communication Services SPDR Fund Sees $132 Million Inflow

Today, an analysis of week-over-week changes in shares outstanding among ETFs reveals that the Communication Services Select Sector SPDR Fund (Symbol: XLC) is noteworthy. The fund experienced an inflow of approximately $132.1 million, marking a 0.7% increase in outstanding units—from 210,550,000 to 211,950,000.

Among XLC’s major holdings, Electronic Arts, Inc. (Symbol: EA) has decreased by about 0.2%, while Live Nation Entertainment Inc. (Symbol: LYV) has risen by approximately 0.8%. Additionally, Take-Two Interactive Software, Inc. (Symbol: TTWO) is up around 0.5%. For a comprehensive list of holdings, refer to the XLC Holdings page.

The chart below illustrates the one-year price performance of XLC in relation to its 200-day moving average:

From the chart, XLC’s low for the past 52 weeks was $77.86 per share, while its high reached $105.58. The latest trade price stands at $94.76. Comparing the recent share price with the 200-day moving average is a useful technique in technical analysis.

Exchange-traded funds (ETFs) operate similarly to stocks, but investors trade “units” rather than shares. These units can be created or destroyed based on market demand. Each week, we assess the changes in shares outstanding to identify ETFs with significant inflows (more units created) or outflows (units destroyed). When new units are created, the underlying assets of the ETF must be purchased; conversely, when units are destroyed, underlying assets are sold. Consequently, these large flows can influence the individual components held within the ETFs.

Click here to discover which 9 other ETFs have recorded notable inflows.

Also see:

• Funds Holding EALT
• EZA Historical Stock Prices
• Funds Holding HMI

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