ETF Runner: Financial Select Sector SPDR Fund Recorded $-104.34M Redemptions Due To -0.50% AUM Decrease

ETF Runner: Financial Select Sector SPDR Fund Recorded $ 104.34M Redemptions Due To  0.50% AUM Decrease

Today were reported Financial Select Sector SPDR Fund (NYSEARCA:XLF)‘s daily net flows. The ETF registered $-104.34M asset outflows for -0.50% decrease, reaching $20708.35M 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 0.27% or $0.06 on November 29, hitting $22.21. It is down 15.41% since April 27, 2016 and is uptrending. It has outperformed by 10.18% 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: Investorplace.com which released: “Financial Select Sector SPDR Fund (XLF) Getting a Little Too Trumped Up” on November 11, 2016, also Etfdailynews.com published article titled: “Here’s Why Financials Could Lead Stocks Higher In 2017”, 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) was released by: Etfdailynews.com and their article: “Investors Poured $7.2 Billion Into Financial ETFs Last Week” with publication date: November 18, 2016.

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