The Technology Select Sector SPDR Fund Experiences Big Inflow
From Nasdaq: 2024-11-18 11:35:32
The Technology Select Sector SPDR Fund (XLK) saw a $297.3 million inflow last week, a 0.4% increase in outstanding units. Top components like Oracle (ORCL) and Advanced Micro Devices (AMD) showed positive gains. XLK’s one-year price performance compared to its 200-day moving average is also highlighted.
ETFs, like stocks, trade in units that can be created or destroyed based on investor demand. Weekly monitoring of shares outstanding data helps identify ETFs with notable inflows or outflows, impacting underlying holdings. Discover other ETFs with significant inflows and learn about related investment opportunities in the market.
For more insights on investment brokerages dividend stocks, average annual return for rentals, and top hedge funds holding WOMN, explore related articles. Remember, the author’s views do not necessarily reflect those of Nasdaq, Inc.
Read more at Nasdaq: The Technology Select Sector SPDR Fund Experiences Big Inflow