Health Care Select Sector SPDR Fund Experiences Big Outflow
Fri, Feb 15, 1:46 PM ET, by ETF Channel
Symbols mentioned in this story: XLV, UNH, MDT, ESRX
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Health Care Select Sector SPDR Fund (XLV) where we have detected an approximate $28.2 million dollar outflow -- that's a 0.5% decrease week over week (from 138,015,324 to 137,365,324). Among the largest underlying components of XLV, in trading today UnitedHealth Group Inc (UNH) is up about 0.7%, Medtronic, Inc. (MDT) is down about 0.8%, and Express Scripts Holdings Co (ESRX) is lower by about 0.2%. For a complete list of holdings, visit the XLV Holdings page »
The chart below shows the one year price performance of XLV, versus its 200 day moving average:
Looking at the chart above, XLV's low point in its 52 week range is $35.38 per share, with $43.45 as the 52 week high point — that compares with a last trade of $43.41. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Special Offer: Find out what Dave Moenning is holding in the ETF Channel Flexible Growth Investment Portfolio with 30 Days Free.
Read the original article at ETF Channel: Health Care Select Sector SPDR Fund Experiences Big Outflow
SDI Glossary: "Channel" Definition
SDI Glossary: "price" Definition
SDI Glossary: "Exchange" Definition
SDI Glossary: "Exchange traded funds" Definition
SDI Glossary: "ETFs" Definition
SDI Glossary: "Sector" Definition
This Article's Word Cloud:
Care
Channel
ESRX
ETFs
Express
Find
Fund
Health
Holdings
Investment
Looking
Read
SPDR
Sector
Select
about
above
also
analysis
average
back
changes
chart
components
created
destroyed
holdings
just
like
many
most
moving
outstanding
over
point
price
selling
share
shares
standout
stocks
that
today
trade
traded
underlying
units
universe
week
with
More articles: 1 2 3 4 5 6 7 next »
|
RSS