Invesco S&P 500—Top 50 ETF Sees Notable Inflows This Week
Looking at the latest data from ETF Channel, the Invesco S&P 500—Top 50 ETF (Symbol: XLG) stands out due to a significant inflow of approximately $128.1 million. This represents a 1.9% week-over-week increase in outstanding units, rising from 142,430,000 to 145,070,000.
Among the key holdings within XLG, NVIDIA Corp (Symbol: NVDA) remains stable, while Amazon.com Inc (Symbol: AMZN) has increased by about 0.7%. Additionally, Merck & Co Inc (Symbol: MRK) has risen by around 0.1%. For a complete list of holdings, visit the XLG Holdings page »
Examining the chart, the 52-week low for XLG is $32.74 per share, with a high of $48.56, compared to the latest trade price, which is $48.50. Analyzing the most recent share price in relation to the 200-day moving average can provide insight into technical performance—learn more about the 200-day moving average ».
Exchange-traded funds (ETFs) function similarly to stocks, but they trade in “units” instead of shares. These units can change based on investor activity, meaning new units can be created or existing ones can be eliminated according to demand. Each week, we observe changes in outstanding shares to identify ETFs with significant inflows (where many new units are created) or outflows (where many units are removed). When new units are created, it often indicates that the ETF’s underlying assets need to be purchased, while the removal of units signifies a sale of those underlying assets, potentially impacting the individual stocks within the ETF.
Click here to discover which 9 other ETFs saw notable inflows »
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The views expressed in this article are those of the author and do not necessarily represent the opinions of Nasdaq, Inc.
