The Health Care Select Sector SPDR Fund (XLV) experienced a significant outflow of approximately $434 million, a 1.1% decrease in shares outstanding from 263,915,324 to 261,015,324, reported this week. This shift is particularly notable among major holdings, with Merck & Co Inc (MRK) down 1.6%, UnitedHealth Group Inc (UNH) down 0.6%, and Thermo Fisher Scientific Inc (TMO) declining by 1.9%.
XLV’s share price has oscillated within a 52-week range of $127.35 to $160.59, with the most recent trade recorded at $147.72. This price remains below its 200-day moving average, signaling potential bearish sentiment in the market.
