Today were published Financial Select Sector SPDR Fund (NYSEARCA:XLF)‘s daily net flows. The ETF registered $169.46M asset inflows for 1.39% increase, reaching $12377.99M 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 decreased 0.05% or $0.01 on October 7, hitting $19.62. Financial Select Sector SPDR Fund (NYSEARCA:XLF) has risen 8.45% since March 7, 2016 and is uptrending. It has outperformed by 0.86% the S&P500.
The ETF’s YTD performance is 1.19%, the 1 year is 7.1% and the 3 year is 8.07%.
The ETF’s average P/E ratio is 13.53, the price to book is 1.11, the price to sales is 1.94 and the price to cashflow is 6.33. 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 11.44% of assets, JP Morgan Chase & Co. Common St for 10.03%, Wells Fargo & Company Common St for 8.39%, Bank of America Corporation Com for 6.66%, Citigroup Inc. Common Stock for 5.72%, U.S. Bancorp Common Stock for 2.88%, Goldman Sachs Group Inc. (The) for 2.54%, American International Group I for 2.52%, D/B/A Chubb Limited New Common for 2.44%, American Express Company Common for 2.07%. The ETF sector weights are: Financial Services 97.59%, Consumer Defensive 0.26%, Industrials 2.15%. The ETF currently as 0% yield.
More notable recent Financial Select Sector SPDR Fund (NYSEARCA:XLF) news were published by: Benzinga.com which released: “Mike Khouw Sees Unusual Options Activity in Financial Select Sector SPDR Fund” on October 04, 2016, also Etfdailynews.com with their article: “The Fallout From The Financial Sector SPDR ETF’s Divorce From REITs” published on September 29, 2016, Nasdaq.com published: “The Zacks Analyst Blog Highlights: Financial Select Sector SPDR ETF …” on September 13, 2016. More interesting news about Financial Select Sector SPDR Fund (NYSEARCA:XLF) were released by: Investorplace.com and their article: “Trade of the Day: Financial Select Sector SPDR Fund (XLF) Good for the Short …” published on September 13, 2016 as well as Etfdailynews.com‘s news article titled: “Consultant: World’s Biggest Banks Are in Deep Trouble” with publication date: September 14, 2016.
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