Today were published Financial Select Sector SPDR Fund (NYSEARCA:XLF)‘s daily net flows. The ETF registered $476.97M asset inflows for 2.36% increase, reaching $20700.60M after yestarday’s trading session. The chart of Financial Select Sector SPDR Fund 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 1.73% or $0.39 on December 1, hitting $22.9. It is down 20.93% since April 29, 2016 and is uptrending. It has outperformed by 14.84% 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 Schaeffersresearch.com published article titled: “Financial Select Sector SPDR ETF (XLF) Options Traders Get Defensive Ahead of …”, Etfdailynews.com 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: Etfdailynews.com and their article: “Financials Are Having Their Best Month Ever” with publication date: November 30, 2016.
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