Today were reported Financial Select Sector SPDR Fund (NYSEARCA:XLF)‘s daily net flows. The ETF registered $-119.80M asset outflows for -0.96% decrease, reaching $12328.01M after yestarday’s trading session. The chart of Financial Select Sector SPDR Fund shows negative short-term setup. In the net flows calculation is not included the performance of the etf but only share redemptions (outflows) and share purchases (inflows). Net outflows leads to less cash for managers to invest, which theoretically decreases demand for the etf’s holdings. The stock increased 0.83% or $0.16 on October 18, hitting $19.49. It is down 7.30% since March 16, 2016 and is uptrending. It has outperformed by 1.76% the S&P500.
The ETF’s YTD performance is 1.3%, the 1 year is 7.22% and the 3 year is 8.11%.
The ETF’s average P/E ratio is 13.53, the price to book is 1.11, the price to sales is 1.94 and the price to cashflow is 6.33. Financial Select Sector SPDR Fund is in the ETF category: , is part of the fund family and currently has $ net assets. It was started on 1/1/0001. The fund’s top holdings are: Berkshire Hathaway Inc B for 11.44% of assets, JP Morgan Chase & Co. Common St for 10.03%, Wells Fargo & Company Common St for 8.39%, Bank of America Corporation Com for 6.66%, Citigroup Inc. Common Stock for 5.72%, U.S. Bancorp Common Stock for 2.88%, Goldman Sachs Group Inc. (The) for 2.54%, American International Group I for 2.52%, D/B/A Chubb Limited New Common for 2.44%, American Express Company Common for 2.07%. The ETF sector weights are: Financial Services 97.59%, Consumer Defensive 0.26%, Industrials 2.15%. The ETF currently as 0% yield.
More notable recent Financial Select Sector SPDR Fund (NYSEARCA:XLF) news were published by: Benzinga.com which released: “Dan Nathan’s Financial Select Sector SPDR Fund Hedge” on October 10, 2016, also Etfdailynews.com with their article: “Largest Financial ETF Holds Up, Despite Wells Fargo Meltdown” published on October 18, 2016, Investorplace.com published: “The Financial Select Sector SPDR Fund (XLF) Is at a Critical Crossroad” on October 14, 2016. More interesting news about Financial Select Sector SPDR Fund (NYSEARCA:XLF) were released by: Seekingalpha.com and their article: “The Financial Select Sector SPDR ETF Just Improved Its Risk/Return Profile” published on October 11, 2016 as well as Etfdailynews.com‘s news article titled: “The Fallout From The Financial Sector SPDR ETF’s Divorce From REITs” with publication date: September 29, 2016.
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