Funds in Focus: Utilities Select Sector SPDR Fund Sees Significant Outflow
Utilities Select Sector SPDR Fund Experiences $192 Million Decline
Looking at recent data on exchange-traded funds (ETFs), the Utilities Select Sector SPDR Fund (Symbol: XLU) stands out with an outflow of approximately $192.0 million. This represents a 1.1% decrease week over week, dropping the shares outstanding from 231,774,160 to 229,324,160. In today’s trading, key holdings within XLU, such as NextEra Energy Inc (Symbol: NEE), Southern Company (Symbol: SO), and Duke Energy Corp (Symbol: DUK), are also experiencing declines. Specifically, NextEra Energy has dropped about 5.2%, Southern Company is down 1%, and Duke Energy is down by 0.6%. For a detailed overview, you can visit the XLU Holdings page ».
The chart above illustrates XLU’s performance over the past year in relation to its 200-day moving average. Over the past 52 weeks, XLU reached a low of $59.14 per share and a high of $82.50, with the most recent trade at $77.47. Evaluating the current share price against the 200-day moving average can provide valuable insights for investors
Exchange-traded funds, like stocks, allow investors to trade “units” rather than “shares.” These units are created or destroyed depending on demand from investors, impacting the underlying assets within the fund. Each week, we track changes in shares outstanding to identify ETFs undergoing significant inflows or outflows. When new units are created, the underlying securities must be purchased; conversely, when units are destroyed, securities must be sold. Such movements can influence the individual stocks held within these ETFs.
Click here to discover which 9 other ETFs have experienced notable outflows »
Additional Resources:
- Top Ten Hedge Funds Holding SAIC
- MITI Insider Buying
- ACTV Historical Stock Prices
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
