SPDR Portfolio S&P 500 Growth ETF Sees Notable Outflow

Today, we observe significant week-over-week changes in shares outstanding among various ETFs tracked by ETF Channel. One ETF that stands out is the SPDR Portfolio S&P 500 Growth ETF (Symbol: SPYG), which has experienced an outflow of approximately $159.8 million. This represents a 0.5% decrease from last week’s total shares outstanding, dropping from 379,750,108 to 377,850,108.

Within SPYG’s largest underlying holdings, today’s trading shows Progressive Corp. (Symbol: PGR) increasing by about 0.2%, NextEra Energy Inc. (Symbol: NEE) decreasing by about 1%, and KLA Corp (Symbol: KLAC) down approximately 0.9%. For a complete list of the ETF’s holdings, refer to the SPYG Holdings page.

The chart below illustrates SPYG’s one-year price performance in comparison to its 200-day moving average:

In examining the chart, SPYG’s 52-week range shows a low of $68.48 per share and a high of $92.76, with the last recorded trade at $84.32. Analyzing the current share price against the 200-day moving average can provide additional insights into market trends and trading opportunities. For more information on the 200-day moving average, visit this link.

Exchange-traded funds (ETFs) function similarly to stocks, but instead of trading “shares,” investors are buying and selling “units.” These units can be traded continuously, with the added flexibility of being created or destroyed based on investor demand. Each week, we track changes in shares outstanding to identify ETFs that experience notable inflows, signifying newly created units, or outflows, indicating the destruction of existing units.

The creation of new units requires the underlying holdings of the ETF to be purchased, while the destruction of units involves selling the underlying assets. Therefore, significant inflows or outflows can affect the individual components within ETFs.

Click here to discover which other 9 ETFs have experienced notable outflows »

Also see:

• Healthcare Stocks Hedge Funds Are Selling
• SLV Market Cap History
• Martin Marietta Materials DMA

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