What State Street Comm Services SPDR (XLC) Bought: Meta Leads on Thursday

gurufocus.com · 2026-10-19

State Street Communication Services Select Sector SPDR ETF (XLC) reported $111.9 million in gross ETF activity on Thursday, all of it on the buy side. The fund,

TickrTrends take: State Street's Communication Services SPDR fund added to Meta holdings on Thursday, reflecting active rebalancing within a sector that includes Google. Given TickrTrends' current assessment that Google is overvalued, investors monitoring sector dynamics should note that fund activity in Communication Services competitors may signal shifting capital allocation preferences within the group. The relative performance and valuation gaps between Google and other sector constituents like Meta warrant attention for those evaluating Google's pricing relative to its peers.

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