Technology Select Sector SPDR Fund Sees Notable Inflow as ETFs Shift
Investors Boost XLK with $266.7 Million in New Capital
In recent trading, the Technology Select Sector SPDR Fund (Symbol: XLK) has experienced a significant week-over-week change in shares outstanding, recording an inflow of approximately $266.7 million. This represents a 0.4% increase in the number of outstanding units, from 311,005,897 to 312,205,897. Key players among XLK’s holdings include Advanced Micro Devices Inc (Symbol: AMD), which saw a decline of about 0.9%, ServiceNow Inc (Symbol: NOW), which rose by about 0.9%, and Qualcomm Inc (Symbol: QCOM), increasing by approximately 1.8%. For further details, please refer to the XLK Holdings page.
The accompanying chart illustrates XLK’s price performance over the past year in relation to its 200-day moving average:
Within its 52-week range, XLK reached a low of $168.46 per share and a high of $238.14, while the latest trade stands at $225.08. Analyzing the current share price in comparison to the 200-day moving average is an effective method in technical analysis, providing insights into market trends.
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Exchange traded funds (ETFs) operate like stocks; investors buy and sell “units” instead of shares. These units can be traded continuously while also being created or destroyed to reflect investor demand. Our team tracks the week-over-week changes in shares outstanding to identify ETFs with significant inflows or outflows. The creation of new units necessitates purchasing the underlying holdings, while the destruction of units involves selling these components, meaning large movements can affect the individual stocks within the ETFs.
Click here to find out which 9 other ETFs had notable inflows »
Also see:
- Funds Holding PTCT
- CBSH YTD Return
- Institutional Holders of DSJA
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
