Technology Select Sector SPDR Fund Sees Significant Inflow

ETFs Unveil Week-over-Week Changes with XLK at the Forefront

This week, ETF Channel has noted a remarkable change in share count for the Technology Select Sector SPDR Fund (Symbol: XLK), with an inflow of approximately $290.6 million. This represents a 0.4% week-over-week increase in outstanding units, rising from 311,855,897 to 313,105,897. Within XLK’s major components, Accenture plc (Symbol: ACN) has seen a slight decline of about 0.3%, Intuit Inc (Symbol: INTU) has increased by about 0.7%, and Qualcomm Inc (Symbol: QCOM) has improved by about 1.3%. For a detailed list of holdings, check out the XLK Holdings page »

The chart below presents XLK’s one-year price performance in relation to its 200-day moving average:

XLK’s 52-week low stands at $183.42 per share, while its peak is $241.88; the last recorded price was $233.06. Analyzing price relative to the 200-day moving average can be an effective tool for technical analysis—learn more about the 200-day moving average ».

Exchange-traded funds (ETFs) operate similarly to stocks, but investors buy and sell “units” instead of “shares.” These units can be created or destroyed based on investor activity. Each week, we analyze changes in shares outstanding to identify ETFs experiencing significant inflows—indicating a creation of units—or outflows—suggesting a reduction in units. When new units are created, it necessitates purchasing the underlying holdings, while unit destruction involves selling them. Consequently, these large flows can influence the individual stocks held within the ETFs.

Click here to discover which 9 other ETFs experienced notable inflows »

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