Notable Inflows Drive Growth in SPDR Portfolio S&P 500 ETF

Today, we observe significant week-over-week changes in shares outstanding among ETFs tracked by ETF Channel. A standout performer is the SPDR Portfolio S&P 500 ETF (Symbol: SPLG), which has recorded approximately $536.5 million in inflows. This translates to a 0.9% increase in outstanding units, rising from 941,150,000 to 949,200,000.

Market Performance of SPLG’s Key Holdings

Among SPLG’s primary components, market movements have seen Amazon.com Inc (Symbol: AMZN) drop roughly 1.3%. In contrast, Meta Platforms Inc (Symbol: META) has experienced a modest gain of about 0.3%, while Alphabet Inc (Symbol: GOOGL) has increased by approximately 0.5%.

Price Performance Overview

The chart below illustrates SPLG’s one-year price performance alongside its 200-day moving average:

From the chart, SPLG’s 52-week low is $56.6699 per share, with a high point of $72.14. The latest trade price stands at $66.28. Comparing this price to the 200-day moving average can be a useful technique for technical analysis.

Understanding ETF Unit Trading

Exchange-traded funds (ETFs) function similarly to stocks. However, investors are buying and selling “units,” which can be created or destroyed based on demand. Each week, we track changes in shares outstanding to identify ETFs that experience significant inflows (new units created) or outflows (units destroyed). The creation of new units necessitates purchasing the underlying holdings, while the destruction of units involves selling those holdings. Therefore, large inflows or outflows can affect the individual components held within these ETFs.

Find More Insights

To explore which nine other ETFs had notable inflows, click here.

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.