SPDR Portfolio S&P 500 ETF Sees $963.3 Million Inflow
Today, a notable change in shares outstanding has been observed in the SPDR Portfolio S&P 500 ETF (Symbol: SPLG). This ETF experienced an inflow of approximately $963.3 million, leading to a 1.5% increase in outstanding units, rising from 949,200,000 to 963,250,000. Significant contributors to SPLG’s performance include Amazon.com Inc (Symbol: AMZN), which is up about 2.8%, Meta Platforms Inc (Symbol: META), up approximately 2.3%, and Alphabet Inc (Symbol: GOOGL), which has risen about 0.4%. For a complete list of SPLG’s holdings, refer to the SPLG Holdings page.
The chart below illustrates SPLG’s one-year price performance compared to its 200-day moving average:
Within the past year, SPLG reached a low of $56.6699 per share and a high of $72.14, with the latest trade occurring at $69.11. Analyzing the recent share price in relation to the 200-day moving average can serve as a valuable technical indicator.
Exchange-traded funds (ETFs) function similarly to stocks, but instead of buying and selling “shares”, investors trade “units”. These units can be easily exchanged, but can also be created or destroyed based on market demand. Each week, we track the week-over-week changes in shares outstanding to identify ETFs showing significant inflows or outflows. The creation of new units requires the purchase of the ETF’s underlying assets, while the destruction of units necessitates selling those assets. Consequently, large flows can affect the individual components within the ETFs.
To explore which other ETFs experienced notable inflows, click here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
