Vanguard S&P 500 ETF Sees Significant Weekly Inflows of $5.6 Billion
This week, the Vanguard S&P 500 ETF (Symbol: VOO) has made headlines due to a notable increase in shares outstanding. The fund experienced inflows totaling approximately $5.6 billion, reflecting a 1.0% week-over-week rise in outstanding units, which grew from 1,138,673,152 to 1,149,979,503.
In terms of its major components, during today’s trading, Home Depot Inc. (Symbol: HD) is down about 0.2%, Coca-Cola Co. (Symbol: KO) has decreased approximately 2%, while Wells Fargo & Co. (Symbol: WFC) has seen a larger decline of about 6.6%. For a comprehensive list of VOO’s holdings, visit the VOO Holdings page.
The chart below illustrates the one-year price performance of VOO in relation to its 200-day moving average:
VOO’s current price of $475.80 is positioned between its 52-week low of $453.90 and high of $563.92. Analyzing the recent share price against the 200-day moving average can be an effective technical analysis approach. For more insights, learn about the 200-day moving average.
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Exchange-traded funds (ETFs) function similarly to stocks; however, investors buy and sell ”units” rather than ”shares”. These ”units” can be exchanged freely like stocks, but they can also be created or destroyed based on investor demand. Each week, we track changes in shares outstanding to identify ETFs that experience significant inflows (new units created) or outflows (old units destroyed). The creation of new units necessitates the purchase of underlying holdings, while the destruction of units means selling off those holdings. Thus, substantial flow can affect the individual components within these ETFs.
Click here to discover which 9 other ETFs experienced notable inflows »
Also see:
- Blue Chip Dividend Stocks Hedge Funds Are Buying
- Institutional Holders of SXC
- Top Ten Hedge Funds Holding DBI
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
