ETF On Watch: Energy Select Sector SPDR (ETF) Recorded $-119.28M Redemptions Due To -0.77% AUM Decrease

ETF On Watch: Energy Select Sector SPDR (ETF) Recorded $ 119.28M Redemptions Due To  0.77% AUM Decrease

Today were reported Energy Select Sector SPDR (ETF) (NYSEARCA:XLE)‘s daily net flows. The ETF registered $-119.28M asset outflows for -0.77% decrease, reaching $15339.10M after yestarday’s trading session. The chart of Energy Select Sector SPDR (ETF) 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 ETF increased 0.40% or $0.28 on October 18, hitting $69.74. It is down 10.87% since March 16, 2016 and is uptrending. It has outperformed by 5.33% the S&P500.

The ETF’s YTD performance is 19.38%, the 1 year is 18.75% and the 3 year is -2.81%.

The ETF’s average P/E ratio is 39.85, the price to book is 1.73, the price to sales is 1.44 and the price to cashflow is 9.37. Energy Select Sector SPDR (ETF) 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: Exxon Mobil Corporation Common for 17.36% of assets, Chevron Corporation Common Stoc for 14.10%, Schlumberger N.V. Common Stock for 8.11%, Pioneer Natural Resources Compa for 5.07%, EOG Resources Inc. Common Stoc for 4.62%, Occidental Petroleum Corporatio for 3.46%, Halliburton Company Common Stoc for 3.29%, Kinder Morgan Inc. Common Stoc for 3.16%, Anadarko Petroleum Corporation for 2.86%, Spectra Energy Corp Common Stoc for 2.86%. The ETF sector weights are: Energy 100.00%. The ETF currently as 0% yield.

More notable recent Energy Select Sector SPDR (ETF) (NYSEARCA:XLE) news were published by: Investorplace.com which released: “Energy Select Sector SPDR (ETF) (XLE): A Buy Signal You Can’t Miss” on September 29, 2016, also Benzinga.com with their article: “Dan Nathan Sees Unusual Options Activity In Energy Select Sector SPDR ETF” published on September 28, 2016, Etfdailynews.com published: “T. Boone Pickens Blames Obama for Energy Sector Woes” on September 23, 2016. More interesting news about Energy Select Sector SPDR (ETF) (NYSEARCA:XLE) were released by: Etfdailynews.com and their article: “Energy Markets Still Shaky, Regardless of OPEC Agreement” published on September 29, 2016 as well as Etfdailynews.com‘s news article titled: “Energy Market Vulnerable to Electric Vehicle Revolution” with publication date: October 02, 2016.

XLE Company Profile

Energy Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond to the price and yield performance of the Energy Select Sector of the S&P 500 Index (the Index). The Index includes companies that primarily develop and produce natural gas and crude oil, and provide drilling and other energy-related services.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment