Flows To Observe: Technology SPDR (ETF) Registered $-208.59M Redemptions After -1.58% AUM Decrease

Flows To Observe: Technology SPDR (ETF) Registered $ 208.59M Redemptions After  1.58% AUM Decrease

Today were reported Technology SPDR (ETF) (NYSEARCA:XLK)‘s daily net flows. The ETF registered $-208.59M asset outflows for -1.58% decrease, reaching $12980.27M after yestarday’s trading session. The chart of Technology SPDR (ETF) 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 ETF decreased 1.61% or $0.76 on November 10, hitting $46.59. It is down 6.44% since April 11, 2016 and is uptrending. It has outperformed by 0.30% the S&P500.

The ETF’s YTD performance is 13.14%, the 1 year is 23.3% and the 3 year is 16.39%.

The ETF’s average P/E ratio is 19.76, the price to book is 4.29, the price to sales is 3.05 and the price to cashflow is 11.17. Technology SPDR (ETF) 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: Apple Inc. for 13.56% of assets, Microsoft Corporation for 9.99%, Facebook Inc. for 6.63%, AT&T Inc. for 5.56%, Alphabet Inc. for 5.27%, Alphabet Inc. for 5.11%, Intel Corporation for 3.99%, Verizon Communications Inc. Com for 3.90%, Cisco Systems Inc. for 3.56%, Visa Inc. for 3.49%. The ETF sector weights are: Consumer Cyclical 0.79%, Financial Services 7.15%, Communication Services 10.26%, Industrials 2.99%, Technology 78.80%. The ETF currently as 0% yield.

More notable recent Technology SPDR (ETF) (NYSEARCA:XLK) news were published by: Seekingalpha.com which released: “Valuation Dashboard: Technology And Telecom – Update” on November 10, 2016, also Fool.com with their article: “3 Top Technology ETFs to Buy in 2016” published on October 16, 2016, Nasdaq.com published: “Mid-Day ETF Update: ETFs Lower, Stocks Mixed as Post-Election Rally Falters …” on November 10, 2016. More interesting news about Technology SPDR (ETF) (NYSEARCA:XLK) were released by: Thestreet.com and their article: “Dow Hits New Records, Nasdaq Falls as Tech Stocks Decline” published on November 10, 2016 as well as Thestreet.com‘s news article titled: “These 5 Tech Trades Are Breaking Out in November” with publication date: November 08, 2016.

XLK Company Profile

Sector SPDR Trust SBI Interest, formerly Technology Select Sector SPDR Fund, seeks to provide investment results that correspond to the price and yield performance of the Technology Select Sector of the S&P 500 Index (the Index). The Index includes companies primarily involved in industries, such as information technology (IT) consulting, semiconductor equipment and products, computers and peripherals, diversified telecommunication services and wireless telecommunication services.

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