SPDR Portfolio Emerging Markets ETF Sees $131.3 Million Inflow
Looking at week-over-week share changes among ETFs tracked by ETF Channel, the SPDR Portfolio Emerging Markets ETF (Symbol: SPEM) has emerged as a notable performer. Recent data reveals an approximate inflow of $131.3 million, reflecting a 1.3% increase in outstanding units—from 261,100,000 to 264,400,000.
The chart above illustrates SPEM’s one-year price performance in relation to its 200-day moving average. SPEM has a 52-week low of $35 per share and a 52-week high of $42.88, with the most recent trade recorded at $40.25. Comparing the latest share price to the 200-day moving average can serve as a helpful technical analysis tool. For further insights, learn more about the 200-day moving average here.
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Exchange-traded funds (ETFs) function similarly to stocks, though investors buy and sell “units” rather than shares. These units are traded like shares but can also be created or destroyed to meet investor demand. Each week, we monitor changes in shares outstanding to identify ETFs with significant inflows or outflows. The creation of new units entails purchasing the underlying assets of the ETF, while the destruction of units involves selling off holdings. Therefore, large flows can significantly impact the individual components held within ETFs.
Click here to find out which 9 other ETFs had notable inflows »
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
