ETF Watching: Financial Select Sector SPDR Fund Saw $-344.54M Redemptions Following -1.73% AUM Decrease

ETF Watching: Financial Select Sector SPDR Fund Saw $ 344.54M Redemptions Following  1.73% AUM Decrease

Today were reported Financial Select Sector SPDR Fund (NYSEARCA:XLF)‘s daily net flows. The ETF registered $-344.54M asset outflows for -1.73% decrease, reaching $19594.81M 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 closed at $22.16 during the last session. It is up 16.78% since April 19, 2016 and is uptrending. It has outperformed by 12.92% the S&P500.

The ETF’s YTD performance is 3.61%, the 1 year is 3.19% and the 3 year is 7.75%.

The ETF’s average P/E ratio is 13.46, the price to book is 1.13, the price to sales is 1.98 and the price to cashflow is 6.45. 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 11.18% of assets, JP Morgan Chase & Co. Common St for 10.20%, Wells Fargo & Company Common St for 8.52%, Bank of America Corporation Com for 6.87%, Citigroup Inc. Common Stock for 5.82%, U.S. Bancorp Common Stock for 2.94%, Goldman Sachs Group Inc. (The) for 2.74%, American International Group I for 2.56%, D/B/A Chubb Limited New Common for 2.41%, MetLife Inc. Common Stock for 2.10%. The ETF sector weights are: Financial Services 97.75%, Consumer Defensive 0.25%, Industrials 2.00%. The ETF currently as 0% yield.

More important recent Financial Select Sector SPDR Fund (NYSEARCA:XLF) news were published by: which released: “Financial Select Sector SPDR Fund (XLF) Getting a Little Too Trumped Up” on November 11, 2016, also published article titled: “Investors Poured $7.2 Billion Into Financial ETFs Last Week”, published: “Here’s Why Financials Could Lead Stocks Higher In 2017” on November 08, 2016. More interesting news about Financial Select Sector SPDR Fund (NYSEARCA:XLF) was released by: and their article: “Bearish Traders Are Circling This Financial ETF” with publication date: November 04, 2016.

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