SPY381.42-5.12 -1.32%
DIA312.99-1.20 -0.38%
IXIC12,997.75-361.04 -2.70%

Market Chatter: Vanguard S&P 500 ETF Reportedly Adds About $8.7 Billion in Single Day

· 02/05/2021 09:18

02:06 PM EST, 02/05/2021 (MT Newswires) -- The Vanguard S&P 500 ETF posted an inflow of about $8.7 billion on a single day this week amid lower-than-average trading volumes, Bloomberg reported Friday.

The news comes roughly two months after a $7 billion withdrawal from the index, according to the report.

Bloomberg Intelligence analyst Eric Balchunas told the news service that the reason behind the movement could be tax related, and that it was likely that the same institution was behind the withdrawal and the infusion.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)