Strong Inflows Boost SPDR Portfolio S&P 500 Growth ETF
Impressive $609 Million Increase in Units Signals Investor Confidence
This week, the SPDR Portfolio S&P 500 Growth ETF (Symbol: SPYG) stood out on ETF Channel due to a significant inflow of approximately $609.0 million. This represents an increase of 1.8% in outstanding units, climbing from 378,200,108 to 384,950,108. Among SPYG’s key holdings, Salesforce Inc (Symbol: CRM) has increased by about 0.8%, while Oracle Corp (Symbol: ORCL) and ServiceNow Inc (Symbol: NOW) are down by about 1% and 1.5%, respectively. For a complete list of SPYG’s holdings, visit the SPYG Holdings page.
The accompanying chart details SPYG’s performance over the past year, highlighting its position relative to its 200-day moving average:
SPYG’s 52-week range shows a low of $62.97 and a high of $91.01, with the last recorded price at $90.61. Comparing this share price to the 200-day moving average can provide valuable insights in technical analysis.
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Exchange-traded funds (ETFs) function similarly to stocks, offering units that can be bought and sold. These units are adjusted based on investor demand, allowing for the creation or destruction of units. Each week, we monitor changes in shares outstanding, focusing on ETFs with significant inflows or outflows. The creation of new units indicates the need to purchase the ETF’s underlying holdings, while the destruction of units implies selling those holdings, potentially impacting the components within the ETFs.
Click here to find out which 9 other ETFs had notable inflows »
Also see:
- Manufacturing Dividend Stocks
- IPG Technical Analysis
- CBT Split History
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
