The Net Flows of Financial Select Sector SPDR ETF (XLF) Point to $-146.26M Redemptions After -0.74% AUM Decrease

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Today were released Financial Select Sector SPDR ETF (XLF)’s weekly net flows. The ETF registered $-146.26M weekly asset outflows for -0.74% decrease, reaching $19670.15M last week. The chart of Financial Select Sector SPDR ETF (XLF) shows negative 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 outflows leads to less cash for managers to invest, which theoretically decreases demand for the etf’s holdings. The stock decreased 2.21% or $0.53 on December 11, hitting $23.45. Select Sector Financial Slct Str SPDR Fd (NYSEARCA:XLF) has declined 4.95% since May 11, 2015 and is downtrending. It has underperformed by 0.53% the S&P500. More notable recent Select Sector Financial Slct Str SPDR Fd (NYSEARCA:XLF) news were published by: which released: “Investors Are Fleeing Small-Caps In Record Numbers, Piling Into Technology” on December 11, 2015, also with their article: “Carter Worth’s Select Sector Financial Slct Str SPDR Fd Trade” published on August 24, 2015, published: “Dan Nathan Sees Unusual Options Activity In Technology SPDR (ETF) And Select …” on December 07, 2015. More interesting news about Select Sector Financial Slct Str SPDR Fd (NYSEARCA:XLF) were released by: and their article: “3 Sectors To Watch In The Second Half Of 2015 [Health Care SPDR (ETF), Select …” published on July 15, 2015 as well as‘s news article titled: “Dan Nathan’s Select Sector Financial Slct Str SPDR Fd Trade” with publication date: December 15, 2014.

The ETF’s YTD performance is 0.62%, the 1 year is 2.5% and the 3 year is 17.98%.

Get a free copy of the Zacks research report on Select Sector Financial Slct Str SPDR Fd (XLF).

The investment seeks investment results that, before expenses, correspond to the price and yield performance of publicly traded equity securities of companies in the Financial Select Sector Index. In seeking to track the performance of the index, the fund employs a replication strategy. It generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The index includes companies from the following industries: diversified financial services; insurance; commercial banks; capital markets; REITs; consumer finance; thrifts & mortgage finance; and real estate management & development. The fund is non-diversified.

The ETF’s average P/E ratio is 14.75, the price to book is 1.32, the price to sales is 2.33 and the price to cashflow is 9.65. Financial Select Sector SPDR ETF (XLF) is in the ETF category: Financial, is part of SPDR State Street Global Advisors fund family and currently has $19.26 billion net assets. It was started on 12/16/1998. The fund’s top holdings are: Wells Fargo & Company Common St for 8.46% of assets, Berkshire Hathaway Inc Class B for 8.26%, JP Morgan Chase & Co. Common St for 8.10%, Bank of America Corporation Com for 6.00%, Citigroup Inc. Common Stock for 5.34%, American International Group I for 2.70%, Goldman Sachs Group Inc. (The) for 2.51%, U.S. Bancorp Common Stock for 2.39%, American Express Company Common for 2.00%, Simon Property Group Inc. Comm for 1.89%. The ETF sector weights are: Basic Materials 0.84%, Financial Services 82.59%, Realestate 12.62%, Communication Services 2.33%, Industrials 1.63%. The ETF currently as 1.8% yield.

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