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Insight: Fund Flows in Technology Exchange Traded Funds

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Insight: Fund Flows in Technology Exchange Traded Funds PART 1 OF 8

XLK Sees $192.8 Million in Fund Inflows in Trailing Five Days

Overview of the XLK ETF

The Technology Select Sector ETF (XLK) is the most liquid ETF in the technology sector, with over 8 million shares traded per day. This ETF tracks the performance of 74 publicly-listed companies in the technology sector. The market capitalization of the ETF is $12.7 billion.

XLK Sees $192.8 Million in Fund Inflows in Trailing Five Days

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Top holdings

The top five holdings of the ETF are Apple Inc. (AAPL) at 16.1%, Microsoft (MSFT) at 9.2%, Facebook Inc. Class A Shares (FB) at 5.3%, AT&T at 5.2%, and Google Inc. Class A at 4.9%. These five comprise over 40% of the total portfolio. Apple comprises 14.0% of the iShares S&P Global Information Tech. ETF (IXN) as well.

The XLK ETF has an expense ratio of 0.14%, and its average daily volume of shares traded is $514.11 million. The price-to-earnings ratio of XLK is 17.44x whereas its price-to-book value ratio and distribution yield stand at 3.74x and 1.84%, respectively.

Fund flows in the XLK ETF

In the trailing one month, net fund inflows for the Technology Select Sector ETF (XLK) were $2.5 million. In the trailing-twelve-month period, net fund outflows stood at around -$1.4 billion. Fund flows in the trailing-one-week and trailing-three-month (or quarterly) periods for XLK were 192.8 million and -$596.2 million, respectively. Since October 15, 2015, the ETF is consistently trading above its moving averages, and since then net fund inflows in the ETF have been $289.1 million.

The ETF generated investor returns of 9.9% in the trailing-12-month period and 3.1% in the trailing-one-month period. In comparison, it generated 14.7% in the trailing-three-year period and 13.6% in the trailing-five-year period. The ETF’s share price rose by 2.2% YTD (year-to-date).

Moving averages

On October 23, 2015, the ETF closed the trading day at $43.8. Based on this figure, here’s how the stock fares in terms of its moving averages:

  • 5.6% above its 100-day moving average of $41.5
  • 7.8% above its 50-day moving average of $40.6
  • 6.5% above its 20-day moving average of $41.2

Relative strength index

The XLK ETF’s 14-day RSI (relative strength index) is 73.7, showing that the ETF could be overbought. Generally, if the RSI is above 70, it indicates the stock is overbought. An RSI figure below 30 suggests that a stock has been oversold.

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