Flows To Observe: Health Care SPDR (ETF) Recorded $-111.18M Redemptions After -0.98% AUM Decrease

Flows To Observe: Health Care SPDR (ETF) Recorded $ 111.18M Redemptions After  0.98% AUM Decrease

Today were reported Health Care SPDR (ETF) (NYSEARCA:XLV)‘s daily net flows. The ETF registered $-111.18M asset outflows for -0.98% decrease, reaching $11283.90M after yestarday’s trading session. The chart of Health Care 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 decreased 0.52% or $0.35 on November 2, hitting $66.65. It is down 2.77% since April 1, 2016 and is downtrending. It has underperformed by 3.99% the S&P500.

The ETF’s YTD performance is 1.26%, the 1 year is 10.61% and the 3 year is 14.21%.

The ETF’s average P/E ratio is 19.72, the price to book is 3.11, the price to sales is 1.67 and the price to cashflow is 14.09. Health Care 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: Johnson & Johnson Common Stock for 11.69% of assets, Pfizer Inc. Common Stock for 7.43%, Merck & Company Inc. Common St for 6.24%, UnitedHealth Group Incorporated for 4.86%, Amgen Inc. for 4.51%, Medtronic plc. Ordinary Shares for 4.34%, Gilead Sciences Inc. for 3.78%, AbbVie Inc. Common Stock for 3.71%, Allergan plc Ordinary Shares for 3.48%, Bristol-Myers Squibb Company Co for 3.27%. The ETF sector weights are: Healthcare 97.60%, Industrials 1.72%, Technology 0.67%. The ETF currently as 0% yield.

More recent Health Care SPDR (ETF) (NYSEARCA:XLV) news were published by: Etfdailynews.com which released: “Traders Are Betting Heavily on More Healthcare Stock Declines” on October 27, 2016. Also Etfdailynews.com published the news titled: “Are Health Care ETFs a Buy Heading Into Earnings Season?” on October 24, 2016. Benzinga.com‘s news article titled: “Todd Gordon’s Health Care SPDR ETF Trade” with publication date: October 11, 2016 was also an interesting one.

XLV Company Profile

Health Care Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond to the price and yield performance of the Health Care Select Sector of the S&P 500 Index (the Index). The Index includes companies whose primary business may include healthcare equipment and supplies, healthcare services, biotechnology and pharmaceuticals.

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