Sector-wise ETF flows: SPDR financial fund bags most money in August (NYSEARCA:SPY)
Written by Emily J. Thompson, Senior Investment Analyst
Source: SeekingAlpha
SPDR S&P 500 Trust Outflows: The SPDR S&P 500 Trust (SPY) experienced a significant outflow of $3.85 billion for the week ending August 30, marking the fifth consecutive week of outflows, with a total of approximately $9.55 billion in August.
Sector Fund Flows: While the Financial Select Sector SPDR Fund (XLF) saw the highest inflow of $747.65 million last week, the Technology Select Sector SPDR Fund (XLK) recorded the largest outflow of $328.24 million, reflecting mixed trends across various sectors.
Analyst Views on XLV
Wall Street analysts forecast XLV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for XLV is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
0 Buy
0 Hold
0 Sell
Current: 158.260
Low
Averages
High
Current: 158.260
Low
Averages
High
No data
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
