Significant Outflows Detected in SPDR S&P Dividend ETF This Week

In the latest week, the SPDR S&P Dividend ETF (Symbol: SDY) has experienced notable changes in shares outstanding. Specifically, approximately $594.7 million has flowed out of the ETF, representing a 2.9% decrease in shares, dropping from 152,553,658 to 148,053,658.

Among SDY’s major holdings, Target Corp (Symbol: TGT) recorded a slight increase of about 0.1%, while Kenvue Inc (Symbol: KVUE) rose by approximately 0.6%. Additionally, Kimberly-Clark Corp. (Symbol: KMB) saw an uptick of about 0.4%. For a detailed list of holdings, refer to the SDY Holdings page.

The accompanying chart illustrates SDY’s one-year price performance against its 200-day moving average:

Within the past year, SDY’s lowest share price reached $119.83, while it peaked at $144.45. Currently, its last trade price stands at $132.60. Evaluating this price in relation to the 200-day moving average offers investors critical insights into potential trends.

Exchange-traded funds (ETFs) operate similarly to stocks. However, investors buy and sell “units” instead of “shares.” These units can be traded back and forth like stocks but can also be created or destroyed based on market demand. Each week, we analyze the week-over-week changes in shares outstanding to identify ETFs with significant inflows or outflows. Creating new units necessitates purchasing the underlying holdings, while tearing down units requires selling them, thus impacting the individual components held within the ETFs.

For further insights, explore notable outflows experienced by other ETFs this week.

Related Topics:

• Cheap Healthcare Stocks
• SCZ Average Annual Return
• ASMB Options Chain

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.