ETF On Watch: Energy Select Sector SPDR (ETF) Registered $-157.69M Redemptions Following -0.98% AUM Decrease

ETF On Watch: Energy Select Sector SPDR (ETF) Registered $ 157.69M Redemptions Following  0.98% AUM Decrease

Today were reported Energy Select Sector SPDR (ETF) (NYSEARCA:XLE)‘s daily net flows. The ETF registered $-157.69M asset outflows for -0.98% decrease, reaching $15917.35M after yestarday’s trading session. The chart of Energy Select Sector 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 increased 5.08% or $3.6 during the last trading session, hitting $74.43. Energy Select Sector SPDR (ETF) (NYSEARCA:XLE) has risen 10.09% since April 28, 2016 and is uptrending. It has outperformed by 4.16% the S&P500.

The ETF’s YTD performance is 16.02%, the 1 year is 3.82% and the 3 year is -5.04%.

The ETF’s average P/E ratio is 39.76, the price to book is 1.68, the price to sales is 1.4 and the price to cashflow is 9.12. Energy Select Sector 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: Exxon Mobil Corporation Common for 17.06% of assets, Chevron Corporation Common Stoc for 14.77%, Schlumberger N.V. Common Stock for 8.31%, Pioneer Natural Resources Compa for 5.03%, EOG Resources Inc. Common Stoc for 4.44%, Occidental Petroleum Corporatio for 3.56%, Halliburton Company Common Stoc for 3.47%, ConocoPhillips Common Stock for 2.91%, Spectra Energy Corp Common Stoc for 2.88%, Kinder Morgan Inc. Common Stoc for 2.87%. The ETF sector weights are: Energy 100.00%. The ETF currently as 0% yield.

More notable recent Energy Select Sector SPDR (ETF) (NYSEARCA:XLE) news were published by: Nasdaq.com which released: “Wednesday Sector Leaders: Energy, Materials” on November 30, 2016, also Seekingalpha.com with their article: “OPEC nations agree to production cuts” published on November 30, 2016, Benzinga.com published: “Andrew Keene’s Bearish XLE ETF Trade” on November 22, 2016. More interesting news about Energy Select Sector SPDR (ETF) (NYSEARCA:XLE) were released by: Bloomberg.com and their article: “Options Insight: How to Trade the Energy Sector ETF” published on November 30, 2016 as well as Forbes.com‘s news article titled: “Wednesday Sector Leaders: Energy, Industrial” with publication date: November 23, 2016.

XLE Company Profile

Energy Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond to the price and yield performance of the Energy Select Sector of the S&P 500 Index (the Index). The Index includes companies that primarily develop and produce natural gas and crude oil, and provide drilling and other energy-related services.

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