Weekly ETF flows: Energy and Utilities fund tops outflow list (NYSEARCA:SPY)
Written by Emily J. Thompson, Senior Investment Analyst
Source: SeekingAlpha
Market Trends: The SPDR S&P 500 Trust experienced a significant outflow of $996.3M for the week ending August 23, marking the fourth consecutive week of outflows, while the S&P 500 index saw modest gains of approximately 0.45%.
Sector Performance: Outflows were noted in six out of eleven S&P 500 sectors, with the Energy Select Sector SPDR Fund experiencing the largest outflow at $338.69M, while Consumer Staples and Financial sectors recorded the highest inflows of $248.41M and $219.39M respectively.
Analyst Views on GLD
Wall Street analysts forecast GLD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GLD is USD with a low forecast of USD and a high forecast of 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.
0 Analyst Rating
0 Buy
0 Hold
0 Sell
Current: 443.600
Low
Averages
High
Current: 443.600
Low
Averages
High
No data
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.
