Today’s ETF Action: Financial Select Sector SPDR Fund Assets Now 19.03% Because Of $2566.32M Net Inflows

Today's ETF Action: Financial Select Sector SPDR Fund Assets Now 19.03% Because Of $2566.32M Net Inflows

Today were released Financial Select Sector SPDR Fund (NYSEARCA:XLF)‘s weekly net flows. The ETF registered $2566.32M weekly asset inflows for 19.03% increase, reaching $16054.51M last week. The chart of Financial Select Sector SPDR Fund shows positive weekly 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 stock increased 0.28% or $0.06 on November 11, hitting $21.67. Financial Select Sector SPDR Fund (NYSEARCA:XLF) has risen 18.98% since April 12, 2016 and is uptrending. It has outperformed by 14.00% the S&P500.

The ETF’s YTD performance is 1.3%, the 1 year is 7.22% and the 3 year is 8.11%.

Financial Select Sector SPDR Fund is in the ETF category: , is part of the fund family and currently has $ net assets. It was started on 1/1/0001. The ETF’s average P/E ratio is 13.53, the price to book is 1.11, the price to sales is 1.94 and the price to cashflow is 6.33. Financial Select Sector SPDR Fund 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: MetLife Inc. Common Stock for 2.10% of assets. The ETF sector weights are: Financial Services 97.59%, Consumer Defensive 0.26%, Industrials 2.15%. The ETF currently as 0% yield.

More notable recent Financial Select Sector SPDR Fund (NYSEARCA:XLF) news were published by: Investorplace.com which released: “Financial Select Sector SPDR Fund (XLF) Getting a Little Too Trumped Up” on November 11, 2016, also Etfdailynews.com with their article: “Here’s Why Financials Could Lead Stocks Higher In 2017” published on November 08, 2016, Investorplace.com published: “The Financial Select Sector SPDR Fund (XLF) Is at a Critical Crossroad” on October 14, 2016. More interesting news about Financial Select Sector SPDR Fund (NYSEARCA:XLF) were released by: Etfdailynews.com and their article: “Much-Maligned Financials Helping Push Markets Higher” published on November 09, 2016 as well as Etfdailynews.com‘s news article titled: “Bearish Traders Are Circling This Financial ETF” with publication date: November 04, 2016.

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