Today were published Materials Select Sector SPDR (NYSEARCA:XLB)‘s daily net flows. The ETF registered $93.78M asset inflows for 2.62% increase, reaching $3670.87M after yestarday’s trading session. The chart of Materials Select Sector SPDR 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 1.07% or $0.53 on November 30, hitting $49.94. It is down 5.40% since April 28, 2016 and is uptrending. It has underperformed by 0.52% the S&P500.
The ETF’s YTD performance is 9.14%, the 1 year is 5.45% and the 3 year is 4.32%.
The ETF’s average P/E ratio is 18.74, the price to book is 3.29, the price to sales is 1.52 and the price to cashflow is 8.72. Materials Select Sector SPDR 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: Dow Chemical Company (The) Comm for 11.41% of assets, E.I. du Pont de Nemours and Com for 11.32%, Monsanto Company Common Stock for 8.30%, Praxair Inc. Common Stock for 6.29%, Ecolab Inc. Common Stock for 5.64%, Air Products and Chemicals Inc for 5.44%, LyondellBasell Industries NV Or for 4.69%, PPG Industries Inc. Common Sto for 4.24%, Newmont Mining Corporation for 3.74%, Sherwin-Williams Company (The) for 3.74%. The ETF sector weights are: Basic Materials 88.04%, Consumer Cyclical 10.74%, Industrials 1.21%. The ETF currently as 0% yield.
More notable recent Materials Select Sector SPDR (NYSEARCA:XLB) news were published by: Nasdaq.com which released: “Materials Select Sector SPDR Fund Experiences Big Inflow” on November 30, 2016, also Etfdailynews.com with their article: “Time To Get Bullish On Materials” published on November 29, 2016, Seekingalpha.com published: “Shipping – Bust To Boom” on November 28, 2016. More interesting news about Materials Select Sector SPDR (NYSEARCA:XLB) were released by: Thestreet.com and their article: “Which S&P Sector Leads? Materials, Industrial, Energy, Financials, Transports” published on November 21, 2016 as well as Thestreet.com‘s news article titled: “How to Trade the S&P 500 Sector ETFs Setting New Highs Last Week” with publication date: November 28, 2016.
XLB Company Profile
Materials Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond to the price and yield performance of the Materials Select Sector of the S&P 500 Index (the Index). The Index includes companies primarily involved in industries, such as chemicals, construction materials, containers and packaging, metals and mining, and paper and forest products.
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