SPDR S&P Dividend ETF Experiences Big Outflow
Written by Emily J. Thompson, Senior Investment Analyst
Source: NASDAQ.COM
- Stock Analysis: The article discusses the stock performance of SDY, highlighting its 52-week range from $109.8725 to $132.485 per share, with the last trade at $130.26.
- ETF Trading: It explains that exchange-traded funds (ETFs) trade like stocks, with investors buying and selling "units" instead of shares. These units can be created or destroyed based on investor demand.
- Shares Outstanding Data: Weekly monitoring of shares outstanding data helps identify ETFs with notable inflows (new units created) or outflows (old units destroyed), impacting the underlying holdings.
- Impact of Flows: Creation of new units requires purchasing underlying holdings, while destruction involves selling them, affecting the components held within ETFs.
- Disclaimer: The views expressed in the article are those of the author and may not necessarily reflect those of Nasdaq, Inc.
Analyst Views on EIX
Wall Street analysts forecast EIX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EIX is 63.73 USD with a low forecast of 55.00 USD and a high forecast of 71.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
5 Buy
5 Hold
1 Sell
Moderate Buy
Current: 60.420
Low
55.00
Averages
63.73
High
71.00
Current: 60.420
Low
55.00
Averages
63.73
High
71.00
About EIX
Edison International is an electric utility holding company. The Company is focused on providing clean and reliable energy and energy services through its independent companies. It is the parent holding company of Southern California Edison Company (SCE) and Trio. SCE is a public utility primarily engaged in the business of supplying and delivering electricity to an approximately 50,000 square mile area across Southern, Central and Coastal California. Trio is a global energy advisory firm providing integrated sustainability and energy advisory services to large commercial, industrial and institutional organizations in North America and Europe. Trio provides integrated strategy and implementation solutions in sustainability, renewables, energy procurement, conventional supply, energy optimization and transportation electrification.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
