ETF of The Day: Financial Select Sector SPDR Fund Assets Increased by 2.65% Following $343.66M Net Flows

ETF of The Day: Financial Select Sector SPDR Fund Assets Increased by 2.65% Following $343.66M Net Flows

Today were published Financial Select Sector SPDR Fund (NYSEARCA:XLF)‘s daily net flows. The ETF registered $343.66M asset inflows for 2.65% increase, reaching $13318.68M after yestarday’s trading session. The chart of Financial Select Sector SPDR Fund shows positive 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 inflows create excess cash for managers to invest, which theoretically creates demand for the etf’s holdings. The stock increased 4.25% or $0.85 during the last trading session, hitting $20.84. Financial Select Sector SPDR Fund (NYSEARCA:XLF) has risen 16.34% since April 8, 2016 and is uptrending. It has outperformed by 10.70% the S&P500.

The ETF’s YTD performance is 1.3%, the 1 year is 7.22% and the 3 year is 8.11%.

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 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: MetLife Inc. Common Stock for 2.10% of assets. 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: Etfdailynews.com which released: “Here’s Why Financials Could Lead Stocks Higher In 2017” on November 08, 2016, also Etfdailynews.com with their article: “Much-Maligned Financials Helping Push Markets Higher” published on November 09, 2016, Etfdailynews.com published: “Bearish Traders Are Circling This Financial ETF” on November 04, 2016. More interesting news about Financial Select Sector SPDR Fund (NYSEARCA:XLF) were released by: Investorplace.com and their article: “The Financial Select Sector SPDR Fund (XLF) Is at a Critical Crossroad” published on October 14, 2016 as well as Seekingalpha.com‘s news article titled: “The Financial Select Sector SPDR ETF Just Improved Its Risk/Return Profile” with publication date: October 11, 2016.

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