SPDR Portfolio S&P 500 ETF Sees Significant Inflow of $762.6 Million
Weekly Analysis of ETF Changes Reveals Notable Movement in SPLG Units
Recently, the SPDR Portfolio S&P 500 ETF (Symbol: SPLG) stood out with an impressive inflow of approximately $762.6 million. This marks a 1.4% increase in outstanding units, rising from 783,700,000 to 794,550,000 in just one week. Among the largest components of SPLG are well-known tech giants. Today, Apple Inc (Symbol: AAPL) sees a decline of about 3.5%, NVIDIA Corp (Symbol: NVDA) experiences a slight increase of 0.3%, while Microsoft Corporation (Symbol: MSFT) drops by about 0.2%. For more details on holdings, visit the SPLG Holdings page »
The graph below illustrates the one-year price performance of SPLG compared to its 200-day moving average:
From the chart, it is evident that SPLG’s 52-week low was $56.785 per share, while the high reached $71.645. Currently, shares are trading at $70.61. Investors often compare the latest share price to the 200-day moving average for additional insights in their technical analysis — 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.” This flexibility allows for the creation or destruction of units based on investor demand. Each week, our analysis monitors changes in shares outstanding to identify ETFs that experience significant inflows (more new units created) or outflows (more units destroyed). The addition of new units requires purchasing the underlying holdings, while unit destruction involves selling them, affecting the individual components held within these ETFs.
Click here to find out which 9 other ETFs had notable inflows »
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