Tracking ETF Outflows for SPTM, GOOG, ABBV, NFLX
When observing the changes in shares outstanding among ETFs, the SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM) stands out with a significant $112.2 million outflow. This marks a 1.4% decrease from 131,950,000 to 130,150,000 shares. Notable shifts have been identified in key components of SPTM, with Alphabet Inc (GOOG) experiencing a 0.8% decline, AbbVie Inc (ABBV) showing a 0.5% increase, and Netflix Inc (NFLX) rising by 0.6%.
Delving into historical context, SPTM’s price performance over the past year relative to its 200-day moving average is an informative metric. The ETF’s 52-week low sits at $47.01 per share, contrasting with the high point of $62.54. Currently, SPTM trades at $62.53. Analyzing the recent share price in relation to the 200-day moving average provides valuable insights for technical analysis purposes.
Amidst the intricacies of ETF trading, investors navigate a realm where units are exchanged akin to stocks. These units, subject to buying and selling dynamics, can be traded back and forth in a stock-like manner. Moreover, the creation or destruction of units facilitates adjustments to meet investor demand. Monitoring weekly shifts in shares outstanding data uncovers ETFs witnessing significant inflows (creation of new units) or outflows (destruction of old units). Noteworthy flows can trigger the purchase or sale of underlying holdings within ETFs, thereby impacting individual components.
Explore detailed data on other ETFs experiencing notable outflows »
Gain Further Insights:
Uncover Historical Stock Prices for DMRC
Insights into ACB’s Market Cap History
Dive into GXO’s Insider Buying Trends
