Investors Pull $70.1 Million from IVE; Key Holdings Show Mixed Performance
Looking at the week-over-week changes in ETF shares outstanding, the iShares S&P 500 Value ETF (Symbol: IVE) has captured attention with an estimated outflow of approximately $70.1 million. This marks a 0.2% decrease in shares outstanding, dropping from 181,050,000 to 180,700,000. Notable holdings within IVE include JPMorgan Chase & Co (Symbol: JPM), which is up about 0.2%, Chevron Corporation (Symbol: CVX) down about 0.9%, and Procter & Gamble Company (Symbol: PG), showing little change overall. For a full list of holdings, please visit the IVE Holdings page.
The chart highlights IVE’s price performance over the last year compared to its 200-day moving average. IVE’s 52-week trading range shows a low of $147.23 per share and a high of $201.08, with the latest trade recorded at $200.01. Comparing this latest price with the 200-day moving average is a standard technique used in technical analysis for investors.
Exchange-traded funds (ETFs) operate similarly to stocks, but when investors buy, they purchase “units.” These units are interchangeable like stocks, but they can also be created or destroyed based on investor interest. Each week, we analyze the change in shares outstanding to identify ETFs with significant inflows (new units created) or outflows (old units destroyed). When new units are created, the underlying assets of the ETF must be acquired, while the destruction of units typically means those assets are sold off. Therefore, sizable flows can impact the individual stocks within these ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
Also see:
- Top Ten Hedge Funds Holding LAAA
- Institutional Holders of HNVR
- Funds Holding AGNC
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
