Significant Outflows Hit SPDR Dow Jones ETF This Week

Examining recent changes in shares outstanding among ETFs, a notable development emerges with the SPDR Dow Jones Industrial Average ETF Trust (Symbol: DIA). This ETF experienced approximately $863.2 million in outflows, marking a 2.3% decrease week-over-week as shares fell from 90,692,867 to 88,592,867. In today’s trading, among the major components of DIA, Sherwin-Williams Co (Symbol: SHW) has increased by about 0.2%, while Amgen Inc (Symbol: AMGN) has declined by approximately 2.3%. For an in-depth view of holdings, visit the DIA Holdings page.

The chart below illustrates DIA’s price performance over the past year compared to its 200-day moving average:

According to the chart, DIA’s 52-week low is $366.32 per share, while its high is $451.55. The last trade for DIA was recorded at $413.10. This comparison of the current share price to the 200-day moving average can provide valuable insights for technical analysis.

Exchange-traded funds (ETFs) function like stocks, but investors are purchasing “units” instead of shares. These units can be traded similarly to stocks, and can also be created or destroyed based on investor demand. Each week, we monitor changes in shares outstanding to identify ETFs with significant inflows (indicating new units created) or outflows (indicating units destroyed). The creation of new units necessitates purchasing the underlying holdings of the ETF, whereas unit destruction involves selling those underlying assets. As a result, substantial flows can influence the performance of individual holdings within ETFs.

Click here to discover which 9 other ETFs have experienced notable outflows.

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