Major Inflows Boost Materials Select Sector SPDR Fund (XLB) By $294 Million
Examining the latest changes in exchange-traded funds (ETFs), the Materials Select Sector SPDR Fund (Symbol: XLB) shows significant activity. Recently, it experienced an inflow of approximately $294.0 million, marking a 5.0% rise in outstanding units from 63,573,725 to 66,773,725 over the past week. However, among XLB’s key holdings, Sherwin-Williams Co. (Symbol: SHW) has dropped about 1.1%, Air Products & Chemicals Inc. (Symbol: APD) declined around 1%, and Freeport-McMoRan Copper & Gold (Symbol: FCX) fell by approximately 1.7%. For the complete list of holdings, check out the XLB Holdings page »
According to the chart above, XLB’s shares hit a low of $80.735 and peaked at $97.87 over the last year. The most recent trade occurred at $90.72. Investors looking to analyze performance can compare the current share price with the 200-day moving average for additional insights on market trends.
Exchange-traded funds (ETFs) function similarly to stocks; however, instead of buying “shares,” investors are acquiring “units.” These units can be traded like stocks, but they can also be created or eliminated based on demand. Each week, our team observes the changes in shares outstanding to identify ETFs with significant inflows (new units created) or outflows (existing units removed). Increased units typically require purchasing more underlying holdings, and vice versa, meaning that substantial flows can also impact the individual components held within ETFs.
Click here to discover which 9 other ETFs experienced notable inflows »
Also see:
- GENC shares outstanding history
- EMMF shares outstanding history
- RFP Insider Buying
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
