SPDR S&P 500 Growth ETF Sees $336 Million Outflow This Week
This week, a significant trend among ETFs tracked by ETF Channel is highlighted by the SPDR Portfolio S&P 500 Growth ETF (Symbol: SPYG), which experienced an outflow of approximately $336.0 million. This represents a 1.1% decrease in shares outstanding, dropping from 379,950,108 to 375,750,108.
Examining SPYG’s largest underlying holdings, current trading shows Berkshire Hathaway Inc. (Symbol: BRK.B) down about 0.6%, Progressive Corp. (Symbol: PGR) up about 0.7%, while Eaton Corp plc (Symbol: ETN) has declined approximately 3.9%. For a detailed list of the ETF’s holdings, see the SPYG Holdings page.
Performance Overview
The chart below illustrates SPYG’s price performance over the past year compared to its 200-day moving average:
Currently, SPYG’s share price stands at $77.75, which is notably within its 52-week trading range, with a low of $68.48 and a high of $92.76. A comparison of the current share price to the 200-day moving average can offer investors valuable insights—learn more about the 200-day moving average.
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Exchange-traded funds (ETFs) operate similarly to stocks, with investors buying and selling “units” rather than “shares.” These units can be exchanged in the market and can also be created or destroyed based on investor demand. Each week, we analyze the week-over-week changes in shares outstanding to identify ETFs with significant inflows (new units created) or outflows (existing units destroyed). The creation of new units necessitates purchasing the underlying assets of the ETF, while the destruction of units corresponds to selling those assets, influencing the individual components held within the ETF significantly.
Click here to discover which other 9 ETFs experienced notable outflows.
Also see:
- Institutional Holders of CLSC
- SREV Shares Outstanding History
- WLDN YTD Return
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
