The Net Inflows Of Technology Select Sector SPDRÂ ETF Point to $-423.40M Redemptions Because Of -1.86% AUM Decrease

June 16, 2018 - By Hazel Jackson

Today were released Technology Select Sector SPDRÂ ETF (NYSEARCA:XLK)‘s weekly net flows. The ETF registered $-423.40M weekly asset outflows for -1.86% decrease, reaching $22339.74M last week. The chart of Technology Select Sector SPDRÂ ETF shows negative weekly 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 decreased 0.38% or $0.27 during the last trading session, reaching $71.72. About 16.82M shares traded or 17.19% up from the average. Technology Select Sector SPDRÂ ETF (NYSEARCA:XLK) has risen 23.65% since June 16, 2017 and is uptrending. It has outperformed by 11.08% the S&P500.

The ETF’s YTD performance is 9.65%, the 1 year is 25.44% and the 3 year is 19.25%.

The ETF’s average P/E ratio is 18.57, the price to book is 4.88, the price to sales is 4.09 and the price to cashflow is 14.18. Technology Select Sector SPDRÂ ETF is in the ETF category: Technology, is part of the SPDR State Street Global Advisors fund family and currently has $21.35 billion net assets. It was started on 1/1/0001. The fund’s top holdings are: Apple Inc for 14.77% of assets, Microsoft Corp for 11.85%, Facebook Inc A for 7.16%, Alphabet Inc C for 5.14%, Alphabet Inc A for 5.11%, Intel Corp for 4.02%, Visa Inc Class A for 3.67%, Cisco Systems Inc for 3.21%, AT&T Inc for 3.09%, Verizon Communications Inc for 3.07%. The ETF sector weights are: Basic Materials 0.00%, Consumer Cyclical 0.55%, Financial Services 8.39%, Realestate 0.00%, Consumer Defensive 0.00%, Healthcare 0.00%, Utilities 0.00%, Communication Services 6.45%, Energy 0.00%, Industrials 2.50%, Technology 82.11%. The ETF currently as 1.27% yield.

More notable recent Technology Select Sector SPDRÂ ETF (NYSEARCA:XLK) news were published by: Seekingalpha.com which released: “Longer Term Asset Class Total Returns” on June 16, 2018, also Seekingalpha.com with their article: “Consumer Discretionary Overtakes Tech As Sector Leader In 2018” published on June 15, 2018, Seekingalpha.com published: “SPDR Active ETF Trust declares quarterly distribution on funds” on June 15, 2018. More interesting news about Technology Select Sector SPDRÂ ETF (NYSEARCA:XLK) were released by: Investorplace.com and their article: “Trade of the Day: Technology Select Sector SPDR Fund (XLK)” published on June 11, 2018 as well as Etftrends.com‘s news article titled: “Tech ETFs Down But Avalara IPO Up” with publication date: June 15, 2018.

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