Recently, the iShares Expanded Tech-Software Sector ETF (Symbol: IGV) has drawn attention with an impressive inflow of approximately $930.3 million. This represents an 11.4% week-over-week increase in outstanding units, climbing from 80,700,000 to 89,900,000. Among IGV’s largest underlying assets today, Palo Alto Networks, Inc (Symbol: PANW) has decreased by about 0.3%, Intuit Inc (Symbol: INTU) is down approximately 5.7%, and Synopsys Inc (Symbol: SNPS) has fallen about 0.5%. For a detailed list of holdings, visit the IGV Holdings page.
The one-year price performance of IGV is illustrated in the chart below, compared to its 200-day moving average:
From the chart, we can observe that IGV’s lowest price over the past 52 weeks was $74.896 per share, while the highest reached $105.895. The ETF is currently trading at $100.98. Analyzing the recent share price in relation to the 200-day moving average is a common technique in technical analysis—learn more about the 200-day moving average.
Exchange-traded funds (ETFs) operate similarly to stocks, but investors are actually buying and selling “units” instead of shares. These units can be exchanged like stocks and can also be created or removed based on investor demand. Our weekly monitoring of changes in outstanding shares allows us to identify ETFs seeing significant inflows (many new units created) or outflows (many old units removed). The creation of new units requires purchasing underlying holdings, while unit destruction necessitates selling those holdings, indicating that large flows can greatly impact the individual components within ETFs.
Click here to see which 9 other ETFs have experienced notable inflows »
Also see:
- Top Stocks Held By Steven Cohen
- Funds Holding MED
- AOS RSI
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
