SPDR Portfolio S&P 500 ETF Sees Significant $325.2 Million Inflow

Week-Over-Week Changes Highlight ETF’s Strong Performance

Today, ETF Channel’s observations show a remarkable shift in the SPDR Portfolio S&P 500 ETF (Symbol: SPLG), which experienced an inflow of approximately $325.2 million. This represents a 0.7% week-over-week increase in outstanding units, increasing from 691,350,000 to 696,150,000.

Among SPLG’s key holdings today, Apple Inc (Symbol: AAPL) is down about 0.2%, Microsoft Corporation (Symbol: MSFT) has risen by approximately 0.2%, and Berkshire Hathaway Inc New (Symbol: BRK.B) is up about 1.8%. For a complete overview of its holdings, please visit the SPLG Holdings page.

The accompanying chart illustrates the one-year price performance of SPLG alongside its 200-day moving average:

Currently, SPLG’s share price sits at $68.22, with its 52-week range spanning from a low of $48.125 to the aforementioned high of $68.22. Assessing the latest share price in relation to the 200-day moving average can provide insights into its market trends.

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Exchange-traded funds (ETFs) function similarly to stocks. However, when investors operate with ETFs, they buy and sell “units” instead of traditional shares. This trading method allows for the creation or destruction of units based on investor demand. Each week, we analyze changes in shares outstanding to identify ETFs that are experiencing substantial inflows (the creation of new units) or outflows (the destruction of units). Notably, the creation of new units necessitates purchasing the ETF’s underlying assets, while unit destruction entails selling these assets. Significant flows can thus affect the individual components held within various ETFs.

Click here to discover which 9 other ETFs experienced notable inflows »

Also see:

• PAYO Average Annual Return
• Top Ten Hedge Funds Holding NEOM
• ASTE market cap history

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.