Utilities Select Sector SPDR Fund Saw $-142.89M Redemptions Amid -1.31% AUM Decrease

Today were reported Utilities Select Sector SPDR Fund (NYSEARCA:XLU)‘s daily net flows. The ETF registered $-142.89M asset outflows for -1.31% decrease, reaching $10934.01M after yestarday’s trading session. The chart of Utilities Select Sector SPDR Fund 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 stock increased 1.29% or $0.78 during the last trading session, reaching $61.07. About 22.04M shares traded or 32.71% up from the average. Utilities Select Sector SPDR Fund (NYSEARCA:XLU) has 0.00% since August 16, 2018 and is . It has by 0.00% the S&P500.

The ETF’s YTD performance is 14.26%, the 1 year is 16.56% and the 3 year is 8.07%.

The ETF’s average P/E ratio is 23.11, the price to book is 2.14, the price to sales is 2.44 and the price to cashflow is 9.59. Utilities Select Sector SPDR Fund is in the ETF category: Utilities, is part of the SPDR State Street Global Advisors fund family and currently has $10.69 billion net assets. It was started on 1/1/0001. The fund’s top holdings are: NextEra Energy Inc for 12.25% of assets, Duke Energy Corp for 7.79%, Dominion Energy Inc for 7.36%, Southern Co for 7.22%, Exelon Corp for 5.40%, American Electric Power Co Inc for 5.35%, Sempra Energy for 4.59%, Xcel Energy Inc for 3.79%, Public Service Enterprise Group Inc for 3.56%, Consolidated Edison Inc for 3.43%. The ETF sector weights are: Basic Materials 0.00%, CONSUMER_CYCLICAL 0.00%, Financial Services 0.00%, Realestate 0.00%, Consumer Defensive 0.00%, Healthcare 0.00%, Utilities 100.00%, Communication Services 0.00%, Energy 0.00%, Industrials 0.00%, Technology 0.00%. The ETF currently as 3.11% yield.

More notable recent Utilities Select Sector SPDR Fund (NYSEARCA:XLU) news were published by: Etftrends.com which released: “Attractive ETF Sectors After Yield Curve Inverts – ETF Trends” on August 14, 2019, also Etftrends.com with their article: “Utilities ETFs Still Merit Consideration – ETF Trends” published on August 06, 2019, Seekingalpha.com published: “Utilities Dashboard – Update – Seeking Alpha” on July 18, 2019. More interesting news about Utilities Select Sector SPDR Fund (NYSEARCA:XLU) were released by: Seekingalpha.com and their article: “Sector ETF For The Week Of July 29-Aug. 2 – Seeking Alpha” published on August 05, 2019 as well as Investorplace.com‘s news article titled: “3 Best Dividend Stocks to Buy in the Energy Sector – Investorplace.com” with publication date: July 17, 2019.

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