Key Players in the ETF Show Mixed Performance
Recently, a significant change in shares outstanding has been noted in the iShares S&P 500 Value ETF (Symbol: IVE). This ETF experienced an approximate $127.5 million outflow, translating to a 0.4% drop week over week. The total shares fell from 180,650,000 to 180,000,000. In today’s trading, some of IVE’s largest components showed varied performance: Abbott Laboratories (Symbol: ABT) increased by about 0.1%, while Danaher Corp (Symbol: DHR) declined by approximately 0.2%, and Pfizer Inc (Symbol: PFE) decreased by roughly 0.3%. For detailed information about the ETF’s holdings, check out the IVE Holdings page »
The chart below illustrates IVE’s price performance over the past year compared to its 200-day moving average:
In the past year, IVE hit a low point of $149.61 per share and peaked at $201.08. The most recent trading price stands at $196.57. Analyzing the share price against its 200-day moving average can provide meaningful insights for investors—learn more about the 200-day moving average ».
Exchange-traded funds (ETFs) function similarly to stocks, but instead of trading “shares,” investors buy and sell “units.” These units can be traded just like stocks, but they can also be created or destroyed based on investor demand. Each week, we track changes in shares outstanding to identify ETFs with important inflows (new units created) or outflows (older units destroyed). The creation of new units requires purchasing the ETF’s underlying holdings, while unit destruction leads to the selling of those holdings. Thus, significant flows can influence the individual components within the ETFs.
Click to see which 9 other ETFs saw notable outflows »
Also see:
- Funds Holding GLDB
- GKIT Options Chain
- EXEL shares outstanding history
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
