This article first appeared on GuruFocus.
State Street Industrial Select Sector SPDR ETF (XLI) was the sole mover in this ETF activity, buying $236.3 million of stock and selling none on Monday, Nov. 9. XLI increased all 83 of its positions, with no decreases, against $30.67 billion in assets under management.
What did XLI buy on Monday?
Its largest buys by dollar value were GE ($15.3 million), CAT ($12.1 million) and RTX ($11.7 million).
The largest buy was General Electric (GE), which added 45,724 shares worth $15.3 million and now makes up 6.49% of the fund. Caterpillar (CAT) drew $12.1 million across 20,272 shares for a 5.13% weight, RTX (RTX) added 59,416 shares valued at $11.7 million at 4.93%, GE Vernova (GEV) rose by 11,732 shares worth $9.7 million at 4.12%, and Union Pacific (UNP) gained 26,180 shares for $7.8 million at 3.29%. None of the buys were new positions and there were no exits.
How does XLI invest?
XLI is an equity sector industrials fund holding 83 stocks, with 37.3% of assets in its 10 largest holdings. Industrials make up 92.6% of the classified stocks, technology 6.7% and basic materials 0.4%, and the mix is almost entirely large-cap at 99.9%, with 0.1% mid-cap and 0.0% small-cap. Its expense ratio is 0.08%, and top holdings include General Electric at 6.49%, Caterpillar at 5.13%, RTX at 4.93%, GE Vernova at 4.12% and Union Pacific at 3.29%. The fund has a GF Score of 83, a P/E of 28.62, a P/B of 6.33, a dividend yield of 1.08% and a year-to-date return of 9.64%.
State Street Industrial Select Sector SPDR ETF (XLI) at a glance
Holdings, performance and fees for XLI are on its fund summary page; the ETF Screener lines it up against its peers. Its biggest buy this time, GE, has its own <a href="https://www.gurufocus.com/term/gf-value/GE?ref=etf-fund&r=caf6fe0e0db70d936033da5461e60141&utm_source=yahoo_finance&utm_medium=syndication&utm_campaign=headlines&utm_content=state_street_industrial_select_sec
Source: finance.yahoo.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.
