SPDR Portfolio S&P 400 Mid Cap ETF Sees Significant Inflow This Week
Market Movements and Notable Performers
Looking at the week-over-week changes in shares outstanding among ETFs, the SPDR Portfolio S&P 400 Mid Cap ETF (Symbol: SPMD) has made headlines. This ETF experienced an inflow of approximately $176.7 million, resulting in a 1.4% increase in outstanding units from 220,800,000 to 223,950,000. Key stocks driving this performance include Expand Energy Corp (Symbol: EXE), which rose about 1.4%, Interactive Brokers Group Inc – Class A (Symbol: IBKR) with a 1.2% increase, and PURE Storage Inc (Symbol: PSTG) up by 2.4%. To see the full list of holdings, visit the SPMD Holdings page ».
The chart below illustrates the one-year price performance of SPMD compared to its 200-day moving average:
The 52-week range for SPMD spans a low of $46.81 per share to a high of $59.9366, while the latest trading price stands at $56.16. Analyzing the most recent share price in relation to the 200-day moving average can provide valuable insights into market trends—learn more about the 200-day moving average ».
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Exchange-traded funds (ETFs) operate similarly to stocks, though investors buy and sell “units” instead of shares. These units can be traded like stocks and may also be created or destroyed based on investor demand. Each week, we track changes in outstanding shares to identify ETFs with significant inflows (indicating new units created) or outflows (where old units are retired). Creating new units requires purchasing the ETF’s underlying holdings, while destroying units means selling those holdings, influencing the individual stocks within the ETFs.
Click here to discover which 9 other ETFs had notable inflows »
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
