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Asset Summary

Daily Performance Report for XLU ETF: Nov 6, 2024

Summary: The day started with XLU ETF opening at $78.67 and closing at $77.68. The ETF showed weakness throughout the day, with the highest price observed at $78.92 and the lowest at $76.65. The underlying asset had a trading range of $2.27 Overall, it was a negative trading day for XLU ETF, reflecting investor pessimism and market activity.

Change in Closing Price: There was a net decrease of $-0.99 or -1.26% in the closing price from the opening to the closing price over the day.

Volume Analysis: Trading volume for XLU ETF was 16,491,365 units during Nov 6, 2024, indicating active market participation and investor interest.

Opening Price: The day started at $78.67.

Highest Price: The highest price observed during the day was $78.92.

Lowest Price: The lowest price observed during the day was $76.65.

Closing Price: The day ended at $77.68.

Asset Performance Metrics and Risk Characteristics:

Understanding asset performance is crucial for evaluating investment quality and making informed decisions. Metrics like trailing return and drawdown provide insights into how an asset has performed over time, its volatility, and the efficiency of its returns relative to risk. Performance indicators help assess the stability, risk, and reward of an investment, allowing investors and portfolio managers to make comparisons and strategize accordingly.

Asset Technical Analysis

Technical analysis involves evaluating an asset's price and volume data to forecast future movements and make informed trading decisions. By using various technical indicators and chart patterns, investors can gain insights into market trends, price momentum, and potential turning points. This section delves into essential technical metrics, including moving averages, pivot points, and other indicators that provide a snapshot of an asset's current technical stance. Analyzing these indicators helps investors identify entry and exit points, assess market sentiment, and refine their trading strategies. Explore the following technical analysis data to understand the asset's performance dynamics and make better-informed decisions.

Moving Averages

Moving Averages are commonly used to smooth out price data and identify trends over a specific period. Here’s a summary of the latest moving averages for various periods:

  • SMA (Simple Moving Average): Reflects the average price over a specific number of periods.
  • EMA (Exponential Moving Average): Gives more weight to recent prices, making it more responsive to new information.
  • WMA (Weighted Moving Average): Assigns a weight to each price, emphasizing more recent prices.
  • WEMA (Weighted Exponential Moving Average): Combines elements of both WMA and EMA for a more responsive moving average.

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Frequently Asked Questions

Dividends received from the underlying stocks in XLU are collected and distributed to ETF shareholders. Investors can choose to receive dividends in cash or reinvest them to purchase additional shares of XLU.

Key performance metrics for XLU include its net asset value (NAV), expense ratio, total return, and tracking error. NAV represents the per-share value of the ETF, the expense ratio indicates the cost of managing the fund, total return measures overall performance including dividends, and tracking error shows how closely XLU follows the Utilities Select Sector Index.

XLU is designed to closely track the performance of the Utilities Select Sector Index. Therefore, its performance should be very similar to that of the index, with minor variations due to tracking error and management fees.

Historically, XLU has shown performance that reflects the trends of the utilities sector. Performance can vary based on factors such as regulatory changes, energy prices, and the financial health of individual companies within the sector.

Yes, XLU can be held in retirement accounts such as IRAs or 401(k)s. It can be a suitable choice for investors seeking targeted exposure to the utilities sector within their retirement portfolio.

XLU is rebalanced quarterly to align with changes in the Utilities Select Sector Index. This rebalancing ensures that the ETF continues to accurately reflect the index.

XLU is managed by State Street Global Advisors. The fund seeks to replicate the performance of the Utilities Select Sector Index by holding the same stocks in similar proportions as the index. Management involves periodic rebalancing to ensure that the ETF accurately reflects the index.

Yes, investing in XLU carries risks such as sector risk and regulatory risk. The utilities sector can be affected by changes in regulatory policies, fluctuations in energy prices, and economic conditions. Additionally, environmental regulations and technological changes in energy production can impact performance.

XLU typically distributes dividends on a quarterly basis. These dividends are paid from the income generated by the underlying stocks in the ETF’s portfolio.

As of the latest update, XLU has an expense ratio of approximately 0.10%. This fee is deducted from the fund’s assets and covers the cost of managing the ETF.

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