SPDR Portfolio S&P 500 ETF Sees Significant Inflows and Unit Growth
Looking at the recent trends in exchange traded funds (ETFs), one notable performer is the SPDR Portfolio S&P 500 ETF (Symbol: SPLG). This ETF has experienced an impressive inflow of approximately $586.3 million this week, resulting in a 1.2% increase in shares outstanding, rising from 722,050,000 to 730,400,000. Notably, some of the largest companies within SPLG have seen slight declines in stock prices today. Apple Inc (Symbol: AAPL) is down about 0.5%, Alphabet Inc (Symbol: GOOG) is off approximately 1.4%, and Berkshire Hathaway Inc New (Symbol: BRK.B) has decreased by about 0.1%. For a complete breakdown of its holdings, visit the SPLG Holdings page »
The accompanying chart illustrates the one-year price performance of SPLG relative to its 200-day moving average:
According to the data, SPLG has a 52-week low point of $52.46 per share and a high of $70.59, with its latest trading price at $70.16. Analyzing the recent share price in relation to the 200-day moving average can provide valuable insights for investors – learn more about the 200-day moving average ».
Exchange traded funds (ETFs) operate similarly to stocks; however, investors buy and sell “units” rather than “shares.” These units can be traded like stocks but can also be created or eliminated based on demand. Each week, we track significant changes in shares outstanding, identifying ETFs that are seeing noteworthy inflows (indicating new units being created) or outflows (where units are reduced). When new units are created, the ETF needs to acquire the underlying assets, while unit destruction signifies selling those assets. Thus, major inflows or outflows can significantly influence the individual stocks held within these ETFs.
Click here to find out which 9 other ETFs had notable inflows »
Also see:
- Institutional Holders of LLDM
- Top Ten Hedge Funds Holding APSG
- COF Options Chain
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
