SPDR Portfolio S&P 600 ETF Sees $218.2 Million Outflow
In the latest analysis from ETF Channel, the SPDR Portfolio S&P 600 Small Cap ETF (Symbol: SPSM) has experienced a significant outflow of approximately $218.2 million. This represents a 1.9% decrease in shares outstanding week over week, dropping from 268,860,217 to 263,660,217.
Key Holdings Performance
Among the ETF’s largest components, Badger Meter Inc (Symbol: BMI) rose about 1.5%, while Qorvo Inc (Symbol: QRVO) increased by approximately 0.9%. Armstrong World Industries Inc (Symbol: AWI) saw a smaller gain of about 0.3%. For a complete list of holdings, you can visit the SPSM Holdings page.
Price Performance Overview
The chart below illustrates the one-year price performance of SPSM in relation to its 200-day moving average:
Within its 52-week range, SPSM’s price has fluctuated from a low of $34.79 to a high of $50.0297, with the most recent trading value at $42.14. Assessing the share price against the 200-day moving average offers a valuable perspective for technical analysis.
Understanding ETF Units
Exchange-traded funds (ETFs) function similarly to stocks, with investors buying and selling “units.” These units can be traded like stocks, but they can also be created or destroyed based on investor demand. Each week, we analyze the changes in shares outstanding to identify ETFs with notable inflows (creation of new units) or outflows (destruction of old units). The creation of new units typically requires the purchase of the underlying holdings, while unit destruction involves selling those holdings. Therefore, significant flows can impact individual assets held within the ETFs.
Click here to discover which 9 other ETFs have experienced notable outflows.
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