SPHQ Witnesses Significant Inflows
Exploring week-over-week changes in shares outstanding within the realm of ETFs, the Invesco S&P 500— Quality ETF (Symbol: SPHQ) stands out with an exceptional $3.1 billion inflow. This marks a substantial 31.8% surge in outstanding units from 153,150,000 to 201,910,000. Notably, among the major components of SPHQ, NVIDIA Corp (Symbol: NVDA) saw a 2.8% increase, Microsoft Corporation (Symbol: MSFT) a 0.3% rise, and Apple Inc (Symbol: AAPL) a 1% uptick in trading today.
The chart below displays SPHQ’s one-year price performance versus its 200-day moving average:
Reflecting on the chart, SPHQ’s 52-week range spans from a low of $47.72 per share to a high of $65.5692 per share — contrasting with a recent trade at $64.03. Comparing the latest share price with the 200-day moving average can serve as a valuable technical analysis tool.
Understanding ETF Flows and Analysis
ETFs trade akin to stocks, albeit investors buy and sell “units” rather than shares. These units can be traded back and forth like stocks, as well as produced or dissolved to address investor demand. At regular intervals, we track the week-over-week alterations in shares outstanding data to monitor ETFs experiencing notable inflows (generating new units) or outflows (removing old units).
Creation of new units necessitates the acquisition of the ETF’s underlying holdings, while unit destruction involves selling these holdings. Consequently, substantial flows can impact the individual components held within ETFs.
Related Resources
Additional resources for further insights: