Industrial ETFs Seeing Big Inflows As Of Late (XLI)

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August 9, 2017 1:36pm NYSE:XLI

Analyst/ETF Trader Paul Weisbruch of Street One Financial brings us his daily fund flows update, which today points out bearish options bets on emerging markets, outflows from the world’s largest ETF, and fresh inflows into industrials.

We have seen a rash of put activity in EEM (iShares MSCI Emerging Markets) throughout the morning (detailed in further depth in today’s ETF Chart Of The Day post) which is certainly tied to headlines out of the White House concerning Trump’s rhetoric on the “North Korea” situation.

From a fund flows standpoint in overall markets, there has been some noticeable profit taking and position trimming in SPY, with over $4 billion exiting the fund lately. This comes just as the SPX briefly traded at a new all-time high on an intraday basis yesterday.

Elsewhere in fund flows, Industrials have done well lately in attracting new assets. Not only has the benchmark DIA (SPDR DJ Industrial Average) pulled in nearly $1 billion via creations, but XLI (SPDR Industrial Select Sector) has also reeled in a fresh more than $1.2 billion. Top holdings in XLI are as follows: GE (7.3%), BA (6.22%), MMM (5.61%), HON (4.93%), and UTX (4.05%), while top DIA holdings are BA (7.43%), GS (7.21%), MMM (6.42%), UNH (6.03%), and AAPL (4.91%).

The The Industrial Select Sector SPDR Fund (NYSE:XLI) was trading at $68.70 per share on Wednesday afternoon, up $0.03 (+0.04%). Year-to-date, XLI has gained 11.44%, versus a 11.49% rise in the benchmark S&P 500 index during the same period.

XLI currently has an ETF Daily News SMART Grade of A (Strong Buy), and is ranked #1 of 32 ETFs in the Industrials Equities ETFs category.

Disclaimer: The content of this article is excerpted from a daily newsletter from Street One Financial. While ETF Daily News may edit the contents and add a relevant title to the piece, the author, Paul Weisbruch, does not endorse or recommend any issuer or security mentioned herein.

About the Author: Paul Weisbruch

paul-weisbruchPaul Weisbruch is the VP of ETF/Options Sales and Trading at Street One Financial. Prior to joining the team at Street One, Paul served as the Director of RIA and Institutional ETF Sales at RevenueShares ETFs from December 2007 until November of 2009. Before RevenueShares, Paul was employed by Susquehanna International Group from 2000 until 2007 serving in roles including OTC/NYSE Institutional Block Trading, Nasdaq/OTC Market Making, ETF/Derivatives Intelligence and Strategy, Algorithmic Trading, as well as acting as the PHLX Floor Specialist in the ETFs, SPY and DIA.Paul has been actively involved in the ETF space from both a product and trading standpoint since 2000. Additionally, Paul has well forged relationships with national RIAs, institutional pension fund managers and consultants, mutual fund and hedge fund managers, and also the ETF media. Co-authoring the “S1F ETF Daily” since 2009, the daily piece has become a must for many portfolio managers in the ETF space, with segments regularly appearing in the likes of Barron’s, WSJ, and for instance.

He holds his Series 4 (Registered Options Principal), 6, 7, 55 (Equity Trader), 63, and 65 licenses. He graduated from the University of Pittsburgh (B.S. – Economics), graduating magna cum laude, and has an MBA from Villanova University.

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