SPDR Portfolio Aggregate Bond ETF Faces Significant Outflow
Looking at the latest data from ETF Channel, the SPDR Portfolio Aggregate Bond ETF (Symbol: SPAB) experienced a notable outflow this week. Approximately $95.4 million was withdrawn, amounting to a decrease of 1.1%, reducing shares outstanding from 328,700,264 to 325,000,264.
The chart above illustrates SPAB’s performance over the past year, juxtaposed with its 200-day moving average. Throughout its 52-week range, SPAB has touched a low of $23.6801 per share and reached a high of $26.345, with the most recent trade recorded at $25.69. Investors often compare current share prices against the 200-day moving average for additional insights and technical analysis.
Exchange-traded funds (ETFs) function similarly to stocks, but investors buy and sell “units” rather than shares. These units can be exchanged freely, and they can also be created or destroyed based on investor behavior. Each week, we track changes in shares outstanding to identify ETFs with significant inflows or outflows. The creation of new units necessitates the purchase of underlying assets, while the destruction of units indicates sales, potentially affecting the ETF’s individual holdings.
Click here to find out which 9 other ETFs experienced notable outflows »
Also see:
• Utilities Dividend Stock List
• Hologic 13F Filers
• AFL MACD
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
