XLV was created on 1998-12-16 by SPDR. The fund's investment portfolio concentrates primarily on health care equity. The ETF currently has 36717.43m in AUM and 62 holdings. XLV tracks health care stocks from within the S&P 500 Index, weighted by market cap.
This ETF is one of the most popular options for gaining exposure to the U.S. health care sector, and as such might be an attractive option for investors looking to tilt exposure towards lower risk industries. XLV is among the cheapest ways to gain access to health care companies, and offers impressive depth of holdings as well. XLV can be a good option for a sector rotation strategy or as a means of establishing a long term tilt towards the health care sector