The XLF ETF represents the Financial Select Sector Index which includes companies from commercial banks, diversified financial services, insurance, capital markets, REITs, consumer finance, mortgage finance and real-estate management and development. It is as you can see not just commercial banks. This can at times, create more volatility than many investors expect. For that reason it is often an interesting ETF to trade in.
XLF ETF Chart For 2016
Since the start of the year the XLF ETF has traded in a fairly well defined range. The low has been $19.53 which is from Feb 11. The high was this past week, on April 27 of $23.77. The mean average has been around the $22.20 level.
XLF ETF 2016 Chart
XLF ETF Returns 18% to April 29 2016
Since the start of 2016 there have been 15 trades in XLF. The most recent trade was on Friday when I closed the last position that was open in XLF. The return this year to date has been 18.4%. FullyInformed members can review the trades done from the start of the year to April 29. Of particular interest is the number of trades that have been closed early to free up capital to get it back working as quickly as possible.
There is little reason to leave open positions that can be closed for more than 90% of the anticipated profit. Closing positions early frees up capital and removes the risk of any possible loss.
XLF ETF Trades for 2016 Update
This article updates all trades to date in XLF ETF for 2016.
FullyInformed Members can review all trades done to date in the XLF ETF for 2016 directly through this link or they can sign in to the full members site here. Non-members can join here or read about the benefits of being a member.
Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.
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