ETF Insights: Industrial Select Sector SPDR Fund Sees Significant Inflows

Understanding recent trends in ETF share changes offers valuable insights for investors.

In the latest data from ETF Channel, the Industrial Select Sector SPDR Fund (Symbol: XLI) stands out with a remarkable inflow of approximately $228.5 million, translating to a 1.1% increase in shares outstanding. This increase marks a rise from 152,526,000 to 154,226,000 units week over week.

Several key companies within XLI are showing positive trading performance today. General Electric Co (Symbol: GE) has risen by about 1.6%, Union Pacific Corp (Symbol: UNP) is up 1.1%, and Uber Technologies Inc (Symbol: UBER) has climbed approximately 3.5%. For a detailed look at all holdings, visit the {XLI Holdings page}.

The accompanying chart illustrates the price performance of XLI over the past year compared to its 200-day moving average:

For XLI, the 52-week low stands at $109.965 per share, while the high point is $144.51. Currently, the last traded price is $135.84. Evaluating the recent share price against the 200-day moving average can provide additional valuable insights for investors.

Exchange-traded funds (ETFs) operate like stocks, although investors buy and sell “units” rather than shares. These units are comparable to shares but can also be created or destroyed based on investor activity. Each week, we track changes in shares outstanding to identify ETFs with significant inflows (indicating new units created) or outflows (indicating units destroyed). The creation of new units necessitates the purchase of underlying holdings, while the destruction of units involves selling those holdings. Therefore, large flows can influence individual stocks held within the ETFs.

Click here to see 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 the views of Nasdaq, Inc.