SPDR Gold Shares Sees Major Inflow of $4.2 Billion
In recent data from ETF Channel, the SPDR Gold Shares (Symbol: GLD) has emerged as a prominent ETF with a noteworthy week-over-week change in shares outstanding. This ETF experienced an inflow of approximately $4.2 billion, translating to a 5.2% increase in its outstanding units, which rose from 300,700,000 to 316,300,000.
The chart below illustrates GLD’s one-year price performance compared to its 200-day moving average:
Reviewing the chart, GLD’s 52-week low was $188.0301 per share, while the 52-week high was $272.32, with the most recent trading price at $265.23. Investors often look at the current share price in relation to the 200-day moving average for valuable technical analysis insights. Learn more about the 200-day moving average here.
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Exchange-traded funds (ETFs) work like stocks, but investors buy and sell “units” instead of shares. These units can be traded similarly to stocks, but they can also be created or destroyed to match investor demand. Each week, we analyze the week-over-week changes in shares outstanding to identify ETFs with significant inflows or outflows. When new units are created, underlying holdings must be purchased, and when units are destroyed, those holdings are sold. Therefore, significant flows can affect the individual components within ETFs as well. Discover more about notable inflows here.
Click here to find out 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.
