SPDR Portfolio S&P 500 ETF Sees Significant Inflow This Week
Investors Boost SPLG by $625.6 Million
This week, the SPDR Portfolio S&P 500 ETF (Symbol: SPLG) has caught attention with an influx of approximately $625.6 million. This amount translates to a 1.3% increase in outstanding units, rising from 695,700,000 to 704,800,000. Among SPLG’s major components, Apple Inc (Symbol: AAPL) gained about 0.2%, while Microsoft Corporation (Symbol: MSFT) dipped by around 0.2%. Berkshire Hathaway Inc New (Symbol: BRK.B) remained steady. For detailed information on all holdings, visit the SPLG Holdings page »
The chart below illustrates SPLG’s one-year price performance against its 200-day moving average:
Observing SPLG’s performance, its lowest point over the past year was $48.125, and the highest was $68.935, with the most recent trade at $68.68. Comparing the current share price to the 200-day moving average can offer valuable insights for technical analysis — learn more about the 200-day moving average ».
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Exchange traded funds (ETFs) function similarly to stocks; however, investors buy and sell “units” instead of “shares.” These units can be traded like stocks but can also be created or eliminated based on investor demand. Each week, we examine changes in outstanding units to identify ETFs experiencing significant inflows, indicating many new units have been created, or outflows, where units have been destroyed. Creating new units typically requires buying the ETF’s underlying assets, while destroying units means selling those assets, which can influence the ETF components.
Click here to discover which 9 other ETFs experienced notable inflows »
Also see:
- BDC Hedge Funds Are Selling
- CG Dividend Growth Rate
- LSAQ YTD Return
The views and opinions expressed herein are those of the author and do not necessarily reflect the opinions of Nasdaq, Inc.
