Communication Services Select Sector SPDR (XLC) Buys $25.1 Milli

State Street Communication Services Select Sector SPDR ETF (XLC) extended its buying streak on Wednesday, Oct.

14, adding $104.5 million across all 21 of its po

The fund added $104.5 million across all 21 of its positions, led by a $25.1 million increase in Meta Platforms.

State Street Communication Services Select Sector SPDR ETF (XLC) extended its buying streak on Wednesday, Oct. 14, adding $104.5 million across all 21 of its positions. ETF activity showed no decreases or exits, with the fund's $104.5 million in gross trades matching its net bought figure against $23.93 billion in assets under management.

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What did XLC buy on Wednesday?

Its largest buys by dollar value were META ($25.1 million), GOOGL ($13.1 million) and GOOG ($10.5 million).

The largest buy was Meta Platforms, which rose by 34,048 shares for a value of $25.1 million and a 24.03% weight. Alphabet Inc. Cl A followed with 37,677 shares added, worth $13.1 million, and Alphabet Inc. Cl C gained 30,533 shares, worth $10.5 million. Walt Disney Co. increased by 47,633 shares for $5.2 million, and Take-Two Interactive Software added 23,503 shares for $4.7 million. None of the top buys were new positions, and there were no sold-out holdings.

How does XLC invest?

XLC is an equity sector communication services fund with 21 holdings, and its top 10 positions account for 77.4% of assets. All of its classified stocks are in communication services, and its market-cap mix is 100.0% large cap. It has an expense ratio of 0.08%, a GF Score of 83, a P/E of 14.66, a P/B of 2.37, a dividend yield of 1.28% and a year-to-date return of -3.61%. Its top holdings include Meta Platforms at 24.03%, Alphabet Inc. Cl A at 12.53%, Alphabet Inc. Cl C at 10.04%, Walt Disney Co. at 4.97% and Take-Two Interactive Software at 4.53%.

Averytin News Financial update.