Significant Outflow Affects State Street Materials Select Sector SPDR ETF

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The State Street Materials Select Sector SPDR ETF (XLB) experienced a significant outflow of approximately $154.7 million, marking a 1.8% decrease in shares outstanding from 166,297,450 to 163,247,450 in the past week. This change occurred as of the latest trading data.

As of the last trade, XLB’s share price was $50.80, situated between its 52-week low of $42.035 and high of $54.19. Notable underlying holdings include Freeport-McMoRan Copper & Gold (FCX), which is up 0.3%, and Corteva Inc (CTVA) and Air Products & Chemicals Inc (APD), down 0.5% and 0.2%, respectively.

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