SPDR Dow Jones ETF Sees Significant Inflows Amid Market Fluctuations
Notable Changes in Shares Outstanding
This week, the SPDR Dow Jones Industrial Average ETF Trust (Symbol: DIA) experienced a remarkable inflow of approximately $1.2 billion. This marks a week-over-week increase of 3.1% in shares outstanding, rising from 84,842,867 to 87,492,867. Among the major stocks in the DIA, UnitedHealth Group Inc (Symbol: UNH) declined by about 1.1%, while Goldman Sachs Group Inc (Symbol: GS) saw an increase of roughly 1.1%. Microsoft Corporation (Symbol: MSFT) also fell by about 1%. For more information on the ETF’s holdings, check the DIA Holdings page »
The chart below illustrates the one-year price performance of DIA compared to its 200-day moving average:
According to the chart, DIA reached a low of $346.67 per share and a high of $444.87 in its 52-week range, with the latest trading price at $439.75. Analyzing the current share price against the 200-day moving average can offer additional insights for traders—learn more about the 200-day moving average ».
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Exchange-traded funds (ETFs) operate differently from stocks, as investors trade “units” rather than “shares.” These units can be created or destroyed based on investor demand, similar to how stocks are traded. Weekly tracking of changes in shares outstanding helps to identify ETFs with significant inflows or outflows. A creation of new units means the ETF must buy underlying assets, while a destruction indicates selling those assets. Therefore, large movements can impact the individual stocks within the ETFs.
Click here to discover 9 other ETFs with significant inflows »
Also see:
- Blue Chip Dividend Stocks Hedge Funds Are Buying
- Institutional Holders of M and T Bank
- EEFT Insider Buying
The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
