SPDR Dow Jones ETF Sees Significant Inflow, Stocks Perform Well
Shares outstanding for SPDR Dow Jones Industrial Average ETF Trust (Symbol: DIA) increase as major holdings rise in value.
This week, the SPDR Dow Jones Industrial Average ETF Trust (Symbol: DIA) has experienced an impressive inflow of approximately $209.0 million. This marks a 0.6% increase in outstanding units from 84,342,867 to 84,842,867. Among DIA’s significant components, Goldman Sachs Group Inc (Symbol: GS) saw an increase of about 1.4%, Travelers Companies Inc (Symbol: TRV) rose by 0.3%, and Honeywell International Inc (Symbol: HON) was up by 1.1%. For those interested, a full list of holdings can be found on the DIA Holdings page.
The chart below illustrates the one-year price performance of DIA against its 200-day moving average:
In the past year, DIA’s shares have fluctuated, with a low point of $338.77 per share and a high of $433.20, while the most recent trade stood at $420.91. Analyzing the share price in relation to the 200-day moving average is a common technique among investors, and further details on this methodology are available for those interested.
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Exchange-traded funds (ETFs) trade similarly to stocks; however, instead of “shares,” investors are trading “units.” These units can be exchanged like stocks, and they also can be created or destroyed based on investor interest. Each week, we track changes in shares outstanding to identify ETFs with significant inflows (indicating newly created units) or outflows (suggesting units being sold). The creation of new units typically requires purchasing the underlying assets, while the destruction of units involves selling these holdings—thus affecting the individual components of the ETFs.
Click here to find out which 9 other ETFs had notable inflows »
Also see:
- Alphabetical List of All Hedge Funds
- Top Ten Hedge Funds Holding BRCN
- AXDX Average Annual Return
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
