ETF Worth Mentioning: Utilities SPDR (ETF) Registered $-413.10M Redemptions Due To -5.54% AUM Decrease

ETF Worth Mentioning: Utilities SPDR (ETF) Registered $ 413.10M Redemptions Due To  5.54% AUM Decrease

Today were reported Utilities SPDR (ETF) (NYSEARCA:XLU)‘s daily net flows. The ETF registered $-413.10M asset outflows for -5.54% decrease, reaching $7038.43M after yestarday’s trading session. The chart of Utilities 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 2.00% or $0.97 during the last trading session, hitting $49.43. Utilities SPDR (ETF) (NYSEARCA:XLU) has risen 0.20% since March 30, 2016 and is uptrending. It has underperformed by 2.81% the S&P500.

The ETF’s YTD performance is 15.95%, the 1 year is 17.14% and the 3 year is 13.38%.

The ETF’s average P/E ratio is 17.85, the price to book is 1.75, the price to sales is 1.79 and the price to cashflow is 6.23. Utilities 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: NextEra Energy Inc. Common Sto for 9.30% of assets, Duke Energy Corporation (Holdin for 8.28%, Southern Company (The) Common S for 8.17%, Dominion Resources Inc. Common for 7.56%, American Electric Power Company for 5.16%, Exelon Corporation Common Stock for 5.00%, Pacific Gas & Electric Co. Comm for 4.99%, Sempra Energy Common Stock for 4.38%, Edison International Common Sto for 3.85%, PPL Corporation Common Stock for 3.83%. The ETF sector weights are: Utilities 100.00%. The ETF currently as 0% yield.

More notable recent Utilities SPDR (ETF) (NYSEARCA:XLU) news were published by: Investorplace.com which released: “Why the Utilities SPDR (ETF) Will Finally Crack (XLU)” on October 20, 2016, also Investorplace.com with their article: “Utilities SPDR (ETF) (XLU) Could Be a Strong Buy Soon” published on September 20, 2016, Investorplace.com published: “Watch Out! The Utilities SPDR (ETF) (XLU) Looks Overcooked!” on July 11, 2016. More interesting news about Utilities SPDR (ETF) (NYSEARCA:XLU) were released by: Benzinga.com and their article: “Carter Worth And Mike Khouw’s Utilities SPDR ETF Trade” published on October 16, 2016 as well as Benzinga.com‘s news article titled: “Another Issue Confounding Utilities ETFs” with publication date: October 31, 2016.

XLU Company Profile

Select Sector Utilities Select Sector SPDR Fund (the Fund), formerly Utilities Select Sector SPDR Fund, seeks to provide investment results that correspond to the price and yield performance of the Utilities Select Sector of the S&P 500 Index (the Index). The Index includes companies that produce, generate, transmit or distribute electricity or natural gas.

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