Financial Select Sector SPDR Fund Sees Notable Outflow This Week

ETF XLF Experiences $214.9 Million Drop in Shares Outstanding

Looking at recent changes in shares outstanding for ETFs, the Financial Select Sector SPDR Fund (Symbol: XLF) has caught our attention. This fund saw an outflow of approximately $214.9 million, equating to a 0.4% drop in shares week over week, moving from 1,053,545,427 to 1,049,395,427 shares. Among XLF’s major holdings, Marsh & McLennan Companies Inc. (Symbol: MMC) is up about 0.5%, Intercontinental Exchange Inc. (Symbol: ICE) has decreased by about 0.1%, and CME Group (Symbol: CME) has risen approximately 1%. For a complete list of holdings, check out the XLF Holdings page »

The chart above illustrates the one-year price performance of XLF compared to its 200-day moving average. XLF’s 52-week price range has seen a low of $39.315 per share and a high of $52.26. The most recent trade occurred at $51.91. This comparison between the current share price and the moving average is a common technique in technical analysis—learn more about the 200-day moving average ».

Exchange-traded funds (ETFs) function like stocks, but investors trade “units” instead of “shares.” These units can be exchanged like stocks, as well as created or destroyed depending on investor demand. Each week, we analyze changes in shares outstanding to identify ETFs with significant inflows—indicating new units created—or outflows, where old units are destroyed. The creation of new units requires purchasing the underlying holdings of the ETF, while the destruction involves selling those holdings, resulting in a potential impact on the ETF’s individual components.

Click here to find out which 9 other ETFs experienced notable outflows »

Also see:

• TME shares outstanding history
• BDX Next Dividend Date
• VEON Videos

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