SPDR Portfolio S&P 500 ETF Sees $1.2 Billion Inflow This Week
Analyzing week-over-week changes in shares outstanding among ETFs, the SPDR Portfolio S&P 500 ETF (Symbol: SPLG) stands out this week. It recorded an influx of approximately $1.2 billion, resulting in a 2.0% increase in outstanding units, rising from 922,400,000 to 941,150,000. Today, among SPLG’s major holdings, Amazon.com Inc (Symbol: AMZN) is down about 0.2%, while Meta Platforms Inc (Symbol: META) has gained approximately 1.4%. Additionally, Alphabet Inc (Symbol: GOOGL) has seen an increase of about 2.6%. For more detailed holdings information, visit the SPLG Holdings page.
The chart below illustrates the one-year price performance of SPLG in relation to its 200-day moving average:
SPLG’s price history shows a 52-week low of $56.6699 per share and a high of $72.14, with its most recent trade recorded at $64.12. Comparing the latest share price to the 200-day moving average can offer useful insights for technical analysis.
Exchange-Traded Funds: Understanding Units and Market Impact
Exchange-traded funds (ETFs) function similarly to stocks, but the term “units” is used instead of “shares”. These units can be bought and sold like stocks, and they can also be created or destroyed based on investor demand. Each week, we track changes in shares outstanding to identify ETFs with significant inflows (indicating new units being created) or outflows (indicating units being closed). The creation of new units necessitates purchasing the underlying holdings, while the destruction of units involves selling those holdings. Therefore, substantial inflows and outflows can also influence the individual components of the ETFs.
Click here to discover nine other ETFs that experienced notable inflows.
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