What Is In a Name: SPDR S&P Homebuilders ETF Thursday, October 28, 7:58 AM ET, by Market News Video Staff The SPDR S&P Homebuilders ETF (XHB) seeks to closely match the returns and characteristics of ...
Williams-Sonoma Upgraded at ThinkEquity Wednesday, November 10, 12:50 PM ET, by Market News Video Staff Kitchen and home retailer Williams-Sonoma (WSM) was upgraded today by ThinkEquity, from hold to buy. ...
AWI Closes Facility, Declares Special Dividend Wednesday, November 24, 1:02 PM ET, by Market News Video Staff Armstrong World Industries (AWI) said today it closed on a $1.05 billion senior secured credit ...
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR S&P Homebuilders ETF (AMEX:XHB) where we have detected an approximate $29.3 million dollar outflow -- that's a 3.8% decrease week over week (from 43,900,016 to 42,250,016). Among the largest underlying components of XHB, in trading today Tempur Pedic International Incorporated (NYSE:TPX) is up about 0.1%, and Bed Bath & Beyond Incorporated (NASDAQ:BBBY) is up by about 1.8%. For a complete list of holdings, visit the XHB Holdings page »
The chart below shows the one year price performance of XHB, versus its 200 day moving average:
Looking at the chart above, XHB's low point in its 52 week range is $13.59 per share, with $19.21 as the 52 week high point — that compares with a last trade of $17.92. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
The ETF Channel Flexible Growth Investment Portfolio is designed to seek growth for investors —
anywhere and everywhere. The key to the program is our portfolio strategy allows us complete flexibility in terms of asset
allocation as there are no predetermined guidelines as to the level of stocks, bonds, cash, regions, countries, sectors,
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