ETF Report: Utilities SPDR (ETF) Recorded $-181.92M Redemptions Because Of -2.47% AUM Decrease

ETF Report: Utilities SPDR (ETF) Recorded $ 181.92M Redemptions Because Of  2.47% AUM Decrease

Today were reported Utilities SPDR (ETF) (NYSEARCA:XLU)‘s daily net flows. The ETF registered $-181.92M asset outflows for -2.47% decrease, reaching $7174.65M 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 decreased 2.41% or $1.14 during the last trading session, hitting $46.22. Utilities SPDR (ETF) (NYSEARCA:XLU) has declined 4.98% since April 11, 2016 and is downtrending. It has underperformed by 11.12% the S&P500.

The ETF’s YTD performance is 16.99%, the 1 year is 16.95% and the 3 year is 12.32%.

The ETF’s average P/E ratio is 17.51, the price to book is 1.77, the price to sales is 1.8 and the price to cashflow is 6.28. 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 9.64% of assets, Duke Energy Corporation (Holdin for 8.20%, Southern Company (The) Common S for 8.13%, Dominion Resources Inc. Common for 7.58%, American Electric Power Company for 5.16%, Exelon Corporation Common Stock for 5.07%, Pacific Gas & Electric Co. Comm for 5.02%, Sempra Energy Common Stock for 4.33%, Edison International Common Sto for 3.88%, PPL Corporation Common Stock for 3.77%. The ETF sector weights are: Utilities 100.00%. The ETF currently as 0% yield.

More 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 Etfdailynews.com published the news titled: “Utilities Plunge As Interest Rates Surge On Trump Victory” on November 09, 2016. Investorplace.com‘s news article titled: “Watch Out! The Utilities SPDR (ETF) (XLU) Looks Overcooked!” with publication date: July 11, 2016 was also an interesting one.

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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