Analyzing Recent Outflows in the Consumer Staples Select Sector SPDR Fund

Weekly Changes Highlight $79.3 Million Outflow from XLP

Today, we noticed significant changes in shares outstanding among ETFs, particularly in The Consumer Staples Select Sector SPDR Fund (Symbol: XLP). This fund experienced an approximate outflow of $79.3 million, marking a 0.5% decrease week over week, dropping from 211,721,809 shares to 210,721,809 shares. Notably, key components of XLP have also seen declines in their trading prices today: Mondelez International Inc (Symbol: MDLZ) decreased by about 1.1%, Kimberly-Clark Corp. (Symbol: KMB) saw a 0.1% drop, while Kenvue Inc (Symbol: KVUE) fell by approximately 1.1%. For further details, you can check the XLP Holdings page.

Examining the one-year price performance shown in the chart above, XLP has a low of $72.355 and a high of $84.53 within its 52-week range, with the most recent trade at $78.37. Tracking the recent share price against the 200-day moving average is a valuable technique for technical analysis — discover more about this method here.

Exchange-traded funds (ETFs) operate similarly to stocks. Instead of dealing in “shares,” investors trade “units.” These units can be exchanged just like stocks and can be created or destroyed based on investor demand. Each week, we observe changes in shares outstanding to identify ETFs with significant inflows (indicating new units created) or outflows (indicating older units destroyed). The creation of new units means the ETF must buy underlying holdings, while the destruction of units involves selling these holdings. Therefore, large capital flows can directly impact individual stocks within the ETFs.

Click here to discover 9 other ETFs that experienced significant outflows »

Additional Resources:

  • MSAI Stock Predictions
  • Institutional Holders of EYPT
  • Funds Holding WTI

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