Health Care Select Sector SPDR Fund Sees Significant Outflow

This week, the Health Care Select Sector SPDR Fund (Symbol: XLV) has experienced notable changes in its shares outstanding. ETF Channel reports an approximate outflow of $282.9 million, representing a 0.8% decrease week over week, decreasing from 264,615,324 to 262,515,324 shares. Key components within XLV include Stryker Corp (Symbol: SYK), down about 1.2%; Pfizer Inc (Symbol: PFE), down about 0.5%; and Gilead Sciences Inc (Symbol: GILD), lower by approximately 1.1%. For detailed information on XLV’s holdings, please visit the XLV Holdings page.

The chart below illustrates the one-year price performance of XLV against its 200-day moving average:

XLV’s stock has experienced a 52-week low of $127.35 per share and a high of $159.64, with the most recent trade at $133.00. Analyzing the current share price in relation to the 200-day moving average can be a valuable technical analysis method.

Exchange-traded funds (ETFs) function similarly to stocks, where investors buy and sell “units” instead of “shares.” These units can be traded like stocks but can also be created or destroyed based on demand. Each week, we monitor changes in shares outstanding to identify ETFs with significant inflows (indicating new unit creation) or outflows (indicating unit destruction). The creation of new units requires purchasing the underlying holdings, while unit destruction necessitates selling those assets, which can influence the individual components within ETFs.

Click here to see which 9 other ETFs experienced notable outflows.

Explore More:

• XT shares outstanding history
• YECO YTD Return
• Institutional Holders of VIOT

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