SPY ETF Sees Significant Outflow Amidst Mixed Performance of Major Holdings
Notable Changes in the SPDR S&P 500 ETF Trust This Week
Today, the SPDR S&P 500 ETF Trust (Symbol: SPY) experienced a notable shift in its shares outstanding. There was an approximate $2.1 billion outflow, representing a 0.3% decrease from 1,068,432,116 to 1,064,882,116 shares week over week. Among SPY’s key holdings, Berkshire Hathaway Inc (Symbol: BRK.B) remains stable, while JPMorgan Chase & Co (Symbol: JPM) rose by 0.2%, and UnitedHealth Group Inc (Symbol: UNH) increased by about 1.6%. For detailed holdings, you can check the SPY Holdings page »
The accompanying chart displays SPY’s one-year price performance alongside its 200-day moving average:
SPY’s low point in its 52-week range has been $466.43 per share, while the high reached $609.07. The most recent trade was at $588.22. Utilizing the share price in relation to the 200-day moving average can provide valuable insights for technical analysis—find out more about the 200-day moving average here ».
Understanding ETF Trading Dynamics
Exchange Traded Funds (ETFs) operate similarly to stocks, but with a key difference: investors buy and sell “units” rather than shares. These units can be traded just like stocks, and they can also be created or destroyed depending on investor demand. Each week, we analyze changes in shares outstanding to identify ETFs experiencing significant inflows (new units created) or outflows (old units destroyed). The creation of new units necessitates the purchase of underlying holdings, while the destruction involves selling those holdings. Thus, large cash flows can influence the individual components contained within the ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
Explore Further:
- AGRO Market Cap History
- HRL Split History
- CNQ Dividend History
The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
