Today’s ETF Action: The Net Flows Of Technology SPDR (ETF) Point to $424.49M Net Flows Due To 3.34% Assets Increase

Today's ETF Action: The Net Flows Of Technology SPDR (ETF) Point to $424.49M Net Flows Due To 3.34% Assets Increase

Today were published Technology SPDR (ETF) (NYSEARCA:XLK)‘s daily net flows. The ETF registered $424.49M asset inflows for 3.34% increase, reaching $13121.68M after yestarday’s trading session. The chart of Technology SPDR (ETF) 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 ETF decreased 0.13% or $0.06 during the last trading session, hitting $47.35. It is down 7.88% since April 8, 2016 and is uptrending. It has outperformed by 2.23% the S&P500.

The ETF’s YTD performance is 13.14%, the 1 year is 23.3% and the 3 year is 16.39%.

The ETF’s average P/E ratio is 19.76, the price to book is 4.29, the price to sales is 3.05 and the price to cashflow is 11.17. Technology 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: Apple Inc. for 13.56% of assets, Microsoft Corporation for 9.99%, Facebook Inc. for 6.63%, AT&T Inc. for 5.56%, Alphabet Inc. for 5.27%, Alphabet Inc. for 5.11%, Intel Corporation for 3.99%, Verizon Communications Inc. Com for 3.90%, Cisco Systems Inc. for 3.56%, Visa Inc. for 3.49%. The ETF sector weights are: Consumer Cyclical 0.79%, Financial Services 7.15%, Communication Services 10.26%, Industrials 2.99%, Technology 78.80%. The ETF currently as 0% yield.

More notable recent Technology SPDR (ETF) (NYSEARCA:XLK) news were published by: Etfdailynews.com which released: “Technology Once Again Dominates Returns in Q3” on September 28, 2016, also Etfdailynews.com with their article: “Here’s Why All Investors Need Exposure to the Tech Sector” published on September 14, 2016, Fool.com published: “3 Top Technology ETFs to Buy in 2016” on October 16, 2016. More interesting news about Technology SPDR (ETF) (NYSEARCA:XLK) were released by: Benzinga.com and their article: “Integrating Staples, Technology ETFs Into Portfolios” published on October 11, 2016 as well as Nasdaq.com‘s news article titled: “Mid-Day ETF Update: ETFs, Stocks Rebound as Wall Street Mulls Fed Policy …” with publication date: November 09, 2016.

XLK Company Profile

Sector SPDR Trust SBI Interest, formerly Technology Select Sector SPDR Fund, seeks to provide investment results that correspond to the price and yield performance of the Technology Select Sector of the S&P 500 Index (the Index). The Index includes companies primarily involved in industries, such as information technology (IT) consulting, semiconductor equipment and products, computers and peripherals, diversified telecommunication services and wireless telecommunication 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