An astounding statistic on CNBC today about how heavy the flows in February are into 1 fund. This also showcases why so many stocks, especially of the large cap kind within a sector, move together. The hot money in the hedge fund world all piled into Energy Select SPDR (XLE, Financial) in February, with nearly 1 of every 4 dollars headed this way.
TOP HOLDINGS
You can see Exxon's chart is not very much different from the ETF - quite amazing when an ETF can affect the country's largest stock.
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- Net inflows into exchange-traded funds in February were $7.51 billion . XLE was the inflows leader with almost $1.6 billion in new investments.
TOP HOLDINGS
| Company name | % Net assets |
|---|---|
| Percentage of holdings 63.07% | |
| ExxonMobil Corporation | 17.81% |
| Chevron Corporation | 12.66% |
| Schlumberger, Ltd. | 8.22% |
| ConocoPhillips | 5.03% |
| Occidental Petroleum Corporation | 4.45% |
| Apache Corporation | 3.41% |
| Halliburton Company | 3.18% |
| Anadarko Petroleum Corp. | 2.89% |
| Devon Energy Corporation | 2.87% |
| National Oilwell Varco, Inc. | 2.55% |
You can see Exxon's chart is not very much different from the ETF - quite amazing when an ETF can affect the country's largest stock.
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