High Yield ETFs Offer Reliable Income Wednesday, September 29, 3:14 PM ET, by ETF Channel Staff As baby boomers start to retire and seek reliable streams of income, high yield diversified ...
EV Downgraded to Sell by Ticonderoga on Growth Concerns Tuesday, November 16, 12:07 PM ET, by Market News Video Staff Ticonderoga Securities downgraded asset management firm Eaton Vance today, from neutral to sell as the ...
S Upgraded at Piper Jaffray Tuesday, November 16, 1:55 PM ET, by Market News Video Staff Sprint Nextel (S) was upgraded at Piper Jaffray (PJC) today, from underweight to neutral citing ...
EV Earnings Beat Expectations Tuesday, November 23, 12:28 PM ET, by Market News Video Staff Eaton Vance (EV) posted fiscal fourth quarter earnings today of $50.3 million, or $0.41 per ...
Limelight In the Limelight Tuesday, February 15, 3:24 PM ET, by Market News Video Staff Limelight Networks (LLNW) stock was actively traded on Tuesday, accumulating a volume of 26,961,857, a ...
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 new 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.
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR S&P Dividend ETF (AMEX:SDY) where we have detected an approximate $54.7 million dollar inflow -- that's a 1.0% increase week over week in outstanding units (from 104,903,658 to 105,903,658). Among the largest underlying components of SDY, in trading today Centurylink Incorporated (NYSE:CTL) is up about 0.2%, and Pitney Bowes Incorporated (NYSE:PBI) is up by about 0.1%. For a complete list of holdings, visit the SDY Holdings page »
The chart below shows the one year price performance of SDY, versus its 200 day moving average:
Looking at the chart above, SDY's low point in its 52 week range is $44.37 per share, with $55.70 as the 52 week high point — that compares with a last trade of $54.85. 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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