Significant Inflows Seen in Industrial Select Sector SPDR Fund
This week, notable changes in shares outstanding were observed in the ETF market, particularly in the Industrial Select Sector SPDR Fund (Symbol: XLI). The fund has seen inflows totaling approximately $187.7 million, resulting in a 1.0% week-over-week increase in outstanding units (from 146,376,000 to 147,826,000).
Current Performance of XLI’s Key Components
Among XLI’s primary holdings, General Electric Co (Symbol: GE) has decreased by about 0.3%, while RTX Corp (Symbol: RTX) has seen a small increase of approximately 0.3%. Caterpillar Inc. (Symbol: CAT) has dipped by around 1.4%. For a comprehensive overview of all holdings, please visit the XLI Holdings page.
Price Performance Analysis
The chart below illustrates the one-year price performance of XLI against its 200-day moving average:
During the past year, XLI has experienced a low of $112.75 per share and a high of $144.51, with the latest trade recorded at $129.04. Thus, analyzing the most recent share price in relation to the 200-day moving average can provide useful insights for traders.
Understanding ETF Trading Dynamics
Exchange-traded funds (ETFs) operate similarly to stocks; however, 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 examine changes in shares outstanding to identify ETFs with significant inflows or outflows. The creation of new units typically necessitates purchasing additional underlying holdings, whereas unit destruction involves selling these holdings. Consequently, large shifts in inflows and outflows may influence the individual stocks within the ETFs.
Click to discover which nine other ETFs have experienced notable inflows.
Further Insights:
- AKUS Year-to-Date Return
- MOBQ Split History
- Top Ten Hedge Funds Holding WPS
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
