SPDR S&P Dividend ETF Sees Significant Week-Over-Week Inflows
Recent data from ETF Channel highlights the SPDR S&P Dividend ETF (Symbol: SDY) as a noteworthy player this week. The fund has recorded approximately $583.4 million in inflows, resulting in a 3.0% increase in outstanding units, which rose from 148,103,658 to 152,553,658. Among the major constituents of SDY, Consolidated Edison Inc (Symbol: ED) is up about 0.3%, Kenvue Inc (Symbol: KVUE) has increased by 0.9%, and WEC Energy Group Inc (Symbol: WEC) has seen a rise of about 0.4%. For more details on its holdings, please refer to the SDY Holdings page.
The following chart illustrates the one-year price performance of SDY compared to its 200-day moving average:
The chart indicates that SDY’s 52-week low is $119.83 with a high of $144.45, while the latest trading price stands at $131.06. Analyzing the current share price against the 200-day moving average can provide insightful technical analysis.
Exchange-Traded Funds (ETFs) function similarly to stocks. However, instead of “shares,” investors buy and sell “units.” These units can be traded like stocks, but they can also be created or destroyed based on investor demand. Weekly monitoring of changes in outstanding shares helps identify ETFs that have significant inflows or outflows. The creation of new units necessitates purchasing the underlying stocks, while the destruction of units often involves selling those stocks. Thus, substantial flows can significantly impact the individual securities within the ETFs.
Click here to learn about other ETFs that have experienced notable inflows.
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The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
