Major Changes in Outstanding Units and Notable Stock Performances
In today’s analysis of changes in shares outstanding among various ETFs, the iShares Core S&P 500 ETF (Symbol: IVV) stands out with an approximate inflow of $2.6 billion. This surge resulted in a 0.5% increase in outstanding units, rising from 939,150,000 to 943,500,000. Among IVV’s major holdings, Amazon.com Inc (Symbol: AMZN) climbed about 1.7%, Meta Platforms Inc (Symbol: META) increased by about 2.7%, and Alphabet Inc (Symbol: GOOGL) saw a rise of about 1%. For a full list of holdings, visit the IVV Holdings page.
The chart below illustrates the one-year price performance of IVV compared to its 200-day moving average:
Within the last year, IVV has fluctuated between a low of $435.37 per share and a high of $597.30, with the most recent trade recorded at $597.20. Analyzing the share price against the 200-day moving average can provide valuable insights for investors — learn more about the 200-day moving average.
Exchange-traded funds (ETFs) function similarly to stocks, but investors buy and sell “units” instead of shares. These units can be traded just like stocks, and they can also be created or destroyed based on investor demand. Each week, we track changes in shares outstanding to identify ETFs that are experiencing significant inflows (indicating new unit creation) or outflows (indicating unit destruction). Creating new units necessitates purchasing the underlying assets of the ETF, while destroying units requires selling those assets. Consequently, substantial flows can also influence the individual stocks held within these ETFs.
Click here to find out which 9 other ETFs had notable inflows »
Additional Resources:
- Metals Channel
- Top Ten Hedge Funds Holding NSTB
- Funds Holding MDCI
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
