If one of the market makers for a broad ETF e.g VAS is buying then price is irrelevant I'd presume as the ETF is 'blind' to individual stocks and their prices.
Same would go for non-SMSF super funds. Money floods in, super fund enters the market and purchases. The super fund can't really time the market too much.
Meaning there would be a disproportionate amount of insto money Hoovering the shares up price unaware vs John & Jane retail buyer.
If one of the market makers for a broad ETF e.g VAS is buying...
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Last
$149.79 |
Change
0.470(0.31%) |
Mkt cap ! $250.6B | |||
| Open | High | Low | Value | Volume |
| $149.30 | $150.35 | $148.86 | $301.3M | 2.014M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 450 | $149.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $149.80 | 350 | 2 |
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| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| CBA (ASX) Chart |