Significant Outflow Hits Consumer Staples ETF XLP in Latest Trading Week
Investor Behavior Reflected in $471.9 Million Withdrawal
In recent analysis of exchange-traded funds (ETFs) at ETF Channel, The Consumer Staples Select Sector SPDR Fund (Symbol: XLP) stands out due to a notable $471.9 million outflow. This represents a 2.8% week-over-week decrease in shares outstanding, dropping from 206,021,809 to 200,171,809. Today, among the main holdings in XLP, Altria Group Inc (Symbol: MO) saw a rise of about 1.1%, while Target Corp (Symbol: TGT) increased by 0.2%. In contrast, Mondelez International Inc (Symbol: MDLZ) experienced a decline of approximately 1.7%. For complete details on holdings, take a look at the XLP Holdings page.
The following chart illustrates the one-year price performance of XLP alongside its 200-day moving average:
XLP’s share price has seen significant fluctuations this year, with a 52-week low of $69.13 and a high of $84.53. Currently, it trades at $80.39. Comparisons between the current share price and the 200-day moving average provide valuable insights for technical analysis.
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Exchange-traded funds (ETFs) are similar to stocks but involve trading “units” rather than shares. These units can be created or destroyed to meet investor demand. Each week, we track changes in shares outstanding to identify ETFs with significant inflows or outflows, which affect the underlying assets. A creation of new units indicates additional purchases of underlying stocks, while destruction involves selling those stocks.
Click here to see which 9 other ETFs faced notable outflows »
Additional Resources:
- Stocks with Recent Secondaries That Hedge Funds Are Buying
- Funds Holding BALY
- Institutional Holders of UPTD
The views and opinions expressed herein reflect only those of the author and do not necessarily represent those of Nasdaq, Inc.
