Utilities Select Sector SPDR Fund Sees Significant Inflow This Week
In today’s analysis of week-over-week changes in shares outstanding among ETFs, the Utilities Select Sector SPDR Fund (Symbol: XLU) stands out. This fund experienced an inflow of approximately $218.4 million, marking a 1.2% increase in outstanding units—from 225,024,160 to 227,774,160 units.
Performance of Key Holdings within XLU
Among the major underlying components of XLU, trading activity revealed that NextEra Energy Inc (Symbol: NEE) gained about 1.5%. Likewise, Southern Company (Symbol: SO) saw an increase of roughly 0.9%. In contrast, Constellation Energy Corp (Symbol: CEG) declined by about 7%. For further details on all holdings, visit the XLU Holdings page.
Price Performance Over the Last Year
The chart below depicts the one-year price performance of XLU alongside its 200-day moving average:
Based on the chart, XLU’s lowest point in its 52-week range is $62.55 per share, while the high point stands at $83.41. Currently, the last trade reflects a price of $79.17. Analyzing the most recent share price in relation to the 200-day moving average can provide valuable insights for technical analysis—learn more about the 200-day moving average.
Understanding ETF Units and Market Flows
Exchange-traded funds (ETFs) operate similarly to stocks, but investors buy and sell “units” instead of shares. These units are tradable just like stocks, yet they can also be created or destroyed based on investor demand. Each week, we monitor changes in shares outstanding to identify ETFs experiencing significant inflows (indicative of new unit creation) or outflows (indicating unit destruction). Creating new units necessitates purchasing the underlying holdings, while destroying units requires selling them. Consequently, large flows can influence the individual components held within ETFs.
Click here to discover which nine other ETFs experienced notable inflows »
Also see:
- Stocks Conducting Buybacks That Hedge Funds Are Buying
- ESNT Average Annual Return
- LINK Shares Outstanding History
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
