SPY, AMZN, GOOGL, AVGO: Large Inflows Detected At ETF

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the State Street SPDR S&P 500 ETF Trust (Symbol: SPY) where we have detected an approximate $10 inflow — that’s a 1.6% increase week over week in outstanding units (from 98,9,7,82,,116 to 1,,00,5,4,32,,116). Among the largest underlying components of SPY, in trading today Amazon.com Inc (Symbol: AMZN) is up about 2.6%, Alphabet Inc (Symbol: GOOGL) is up about 3.1%, and Broadcom Inc (Symbol: AVGO) is up by about 3.3%. For a complete list of holdings, visit the SPY Holdings page »

The chart below shows the one year price performance of SPY, versus its 200 day moving average:

State Street SPDR S&P 500 ETF Trust 200 Day Moving Average Chart

Looking at the chart above, SPY’s low point in its 52 week range is $481.80 per share, with $697.84 as the 52 week high point — that compares with a last trade of $642.35. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique — learn more about the 200 day moving average ».

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Exchange traded funds (ETFs) trade just like stocks, but instead of ”shares” investors are actually buying and selling ”units”. These ”units” can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.

In a market landscape where volatility reigns supreme and uncertainty lurks in every corner, a select group of stocks have managed to shine brighter than the rest. Termed the "Magnificent Seven," these companies have etched their names in the annals of financial history with their stellar performance.

Nvidia Reigns Supreme

Leading the pack is Nvidia, a tech behemoth that has surged an astonishing 1,950% in the past five years. Nvidia's ascent can be attributed to its pivotal role in the realm of artificial intelligence, where its GPUs have become synonymous with cutting-edge innovation.

Tesla's Electric Journey

Tesla, the iconoclastic electric vehicle manufacturer, has witnessed its stock price soar by 881% over the same period. Despite recent challenges, including production hurdles and foreign exchange headwinds, Tesla's trajectory remains upward-bound.

Apple's Compelling Narrative

Apple, the tech titan known for its iconic products, has seen its stock surge by 268%. Its strong brand loyalty and foray into services have bolstered its position in the market, setting the stage for continued growth.

Microsoft's Resilience and Innovation

Microsoft, a stalwart in the tech industry, has recorded a remarkable gain of 260% in the past five years. Embracing AI early on, Microsoft's strategic investments have paid off, positioning the company for success in a rapidly evolving landscape.

Meta Platforms' AI Ambitions

Meta Platforms, formerly Facebook, has surged by 197%, exemplifying its commitment to AI and innovation. As it pivots towards integrating AI across its offerings, Meta Platforms remains a force to be reckoned with in the social media sphere.

Alphabet's Dominance in the Digital Realm

Alphabet, the parent company of Google, has witnessed a solid 159% increase in its stock value. With a stronghold in online search and strategic investments in AI, Alphabet continues to fortify its position as a tech heavyweight.

Amazon's E-Commerce Odyssey

Amazon, the e-commerce titan, has experienced a 103% gain amidst a backdrop of shifting consumer trends and economic challenges. As it navigates through market fluctuations, Amazon remains a resilient player in the retail landscape.