Today were reported Financial Select Sector SPDR Fund (NYSEARCA:XLF)‘s daily net flows. The ETF registered $-36.47M asset outflows for -0.29% decrease, reaching $12539.21M after yestarday’s trading session. The chart of Financial Select Sector SPDR Fund shows negative 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 outflows leads to less cash for managers to invest, which theoretically decreases demand for the etf’s holdings. The stock decreased 0.10% or $0.02 on October 12, hitting $19.52. It is down 9.62% since March 10, 2016 and is uptrending. It has outperformed by 2.10% the S&P500.
The ETF’s YTD performance is -17.98%, the 1 year is -13.29% and the 3 year is 0.51%.
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. for 10.03%, Wells Fargo & Company for 8.39%, Bank of America Corporation for 6.66%, Citigroup Inc. for 5.72%, U.S. Bancorp for 2.88%, Goldman Sachs Group Inc. (The) for 2.54%, American International Group I for 2.52%, D/B/A Chubb Limited New for 2.44%, American Express Company 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: “Jim Strugger’s Financial Select Sector SPDR Fund Trade” on October 10, 2016, also Seekingalpha.com with their article: “The Financial Select Sector SPDR ETF Just Improved Its Risk/Return Profile” published on October 11, 2016, Benzinga.com published: “Dan Nathan’s Financial Select Sector SPDR Fund Hedge” on October 10, 2016. More interesting news about Financial Select Sector SPDR Fund (NYSEARCA:XLF) were released by: Etfdailynews.com and their article: “Will EU Banking Woes Spread to the U.S. Soon?” published on October 12, 2016 as well as Etfdailynews.com‘s news article titled: “The Fallout From The Financial Sector SPDR ETF’s Divorce From REITs” with publication date: September 29, 2016.
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