Materials Select Sector SPDR Fund Sees Significant Inflows This Week
In recent trading, The Materials Select Sector SPDR Fund (Symbol: XLB) has drawn attention with an impressive inflow of approximately $174.1 million. This represents a 3.1% increase in outstanding units, boosting the count from 60,373,725 to 62,223,725 over the past week. Today, key components of XLB include Sherwin-Williams Co (Symbol: SHW) up about 0.7%, while Air Products & Chemicals Inc (Symbol: APD) has dropped around 0.5%, and Freeport-McMoRan Copper & Gold (Symbol: FCX) is down about 0.9%. For a complete list of XLB holdings, please visit the XLB Holdings page »
The following chart illustrates the one-year price performance of XLB compared to its 200-day moving average:
Examining the chart, XLB’s 52-week low stands at $75.315, while the high reaches $97.87, impacting its last traded price of $94.97. Analyzing the current share price against the 200-day moving average provides valuable technical insights—learn more about the 200-day moving average ».
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Exchange-traded funds (ETFs) function similarly to stocks; however, investors trade ”units” instead of ”shares”. These ”units” can be exchanged like stocks, but they can also be created or destroyed to adapt to investor demand. Each week, we track changes in shares outstanding, identifying ETFs that experience noteworthy inflows—marking the creation of new units—or outflows—indicating the destruction of old units. New unit creation requires purchasing the underlying holdings, while unit destruction involves selling them, thus influencing the individual assets held within the funds.
Click here to discover which 9 other ETFs had significant inflows »
Also see:
- Shares Outstanding History
- ECL market cap history
- Funds Holding PSMO
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
