Health Care Select Sector SPDR Fund Sees $702 Million Outflow
In the latest analysis of week-over-week changes in shares outstanding among ETFs, the Health Care Select Sector SPDR Fund (Symbol: XLV) stands out with a notable outflow. This fund has experienced an approximate loss of $702 million, marking a 1.8% decrease from 267,865,324 to 263,015,324 shares. Today’s trading highlights several key underlying components: Danaher Corp (Symbol: DHR) has risen by about 0.6%, Vertex Pharmaceuticals, Inc. (Symbol: VRTX) is up around 0.8%, and Stryker Corp (Symbol: SYK) has increased by about 0.1%. For more details on its holdings, please visit the XLV Holdings page.
The chart below illustrates XLV’s one-year price performance alongside its 200-day moving average:
The 52-week price range of XLV shows a low of $135.945 per share and a high of $159.64. The last traded price was $145.07. Comparing the latest share price to the 200-day moving average can provide valuable insights, as highlighted in our analysis of the 200-day moving average here.
Exchange-traded funds (ETFs) operate like stocks; however, investors are buying and selling “units” instead of shares. These units can be traded similarly to stocks and can also be created or destroyed based on demand. We regularly monitor changes in shares outstanding to identify ETFs that are experiencing significant inflows (indicating new units created) or outflows (indicating old units destroyed). When new units are created, the underlying holdings must be purchased. Conversely, when units are destroyed, it involves selling off those underlying holdings, which can impact the components held within the ETFs.
Click here to discover which nine other ETFs experienced notable outflows today.
Also see:
- Industrial Stocks Hedge Funds Are Selling
- ANAB Options Chain
- FICO Shares Outstanding History
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
