“In light of the changes, the third-largest ETF issuer also is rebalancing its Technology Select Sector SPDR Fund (XLK) and Consumer Discretionary Select Sector SPDR Fund (XLY). The technology fund will dump its holdings of Facebook and Alphabet and the consumer discretionary fund will unload its positions in Netflix, Walt Disney Co. and Comcast Corp,” according to Bloomberg.
With the recent inflows, XLC has $672.65 million in assets under management as of Sept. 18, making it one of the more successful ETFs to debut this year.
XLC holds 26 stocks and charges 0.13% per year, or $13 on a $10,000 investment.
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