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Asset Summary

Daily Performance Report for XLC ETF: Nov 8, 2024

Summary: The day started with XLC ETF opening at $96.63 and closing at $96.28. The ETF showed weakness throughout the day, with the highest price observed at $96.63 and the lowest at $95.88. The underlying asset had a trading range of $0.75 Overall, it was a negative trading day for XLC ETF, reflecting investor pessimism and market activity.

Change in Closing Price: There was a net decrease of $-0.35 or -0.36% in the closing price from the opening to the closing price over the day.

Volume Analysis: Trading volume for XLC ETF was 3,176,497 units during Nov 8, 2024, indicating active market participation and investor interest.

Opening Price: The day started at $96.63.

Highest Price: The highest price observed during the day was $96.63.

Lowest Price: The lowest price observed during the day was $95.88.

Closing Price: The day ended at $96.28.

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

Key performance metrics for XLC 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 XLC follows the Communication Services Select Sector Index.

Similar ETFs to XLC include the iShares Global Comm Services ETF (IXP) and other sector-focused ETFs that provide exposure to communication services. These ETFs may have different methodologies or geographic focuses but also target the communication services sector.

XLC is rebalanced quarterly to align with changes in the Communication Services Select Sector Index. This rebalancing ensures the ETF continues to accurately reflect the index.

Yes, investing in XLC carries risks such as sector risk and market risk. Since XLC focuses exclusively on the communication services sector, it is subject to the specific risks and volatility associated with this sector, including regulatory changes and technological disruptions.

Historically, XLC has shown performance that reflects the trends of the communication services sector. Performance can vary based on the sector’s dynamics, including market conditions and changes in technology and consumer preferences.

XLC includes companies that are part of the communication services sector of the S&P 500. This sector comprises firms involved in telecommunications, media, entertainment, and interactive media. Major holdings often include companies such as Alphabet, Meta (formerly Facebook), and Verizon.

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

XLC is designed to closely track the performance of the Communication Services 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.

Investors can purchase shares of XLC through a brokerage account, just like other stocks and ETFs. It is traded on the New York Stock Exchange (NYSE) under the ticker symbol "XLC."

As of the latest update, XLC has an expense ratio of approximately 0.12%. This fee is deducted from the fund’s assets and covers the cost of managing the ETF.

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