“ETF Outflow Alert: Key Stocks IWX, CSCO, ACN, ABT Under Scrutiny”

Published On: November 22, 2024 2:36 pm

Major Changes in iShares Russell Top 200 Value ETF Reflect Investor Sentiment

ETF Experiences Significant Outflow This Week

This week, the iShares Russell Top 200 Value ETF (Symbol: IWX) saw a notable decline with an outflow of approximately $167.3 million. This figure represents a decrease of 6.4% in shares outstanding, dropping from 31,100,000 to 29,100,000.

Performance of Key Stocks within the ETF

Among the largest holdings in IWX, trading activity today revealed that Cisco Systems Inc (Symbol: CSCO) increased by about 1%. Accenture plc (Symbol: ACN) remained steady, while Abbott Laboratories (Symbol: ABT) experienced a slight decrease of approximately 0.3%. For those interested, a complete list of holdings can be found on the IWX Holdings page.

Price Trends and Technical Analysis

The chart below illustrates the one-year price performance of IWX alongside its 200-day moving average:

iShares Russell Top 200 Value ETF 200 Day Moving Average Chart

Within the past year, IWX’s lowest price was $66.87 per share, while the highest reached $84.26. The last recorded trade settled at $84.13, indicating IWX is currently near its peak performance. Analyzing the recent share price against the 200-day moving average can provide valuable insights for investors.

Understanding ETF Share Structures

Exchange-traded funds (ETFs) operate similarly to stocks, but when investors engage with them, they buy and sell “units.” These units can be traded back and forth, adjusting to investor demand through creation or destruction. Our weekly monitoring of outstanding shares allows us to identify ETFs experiencing significant inflows, where new units are created, or outflows, where existing units are destroyed. Such movements can influence the underlying assets held within the ETFs.

Find out which 9 other ETFs have also experienced notable outflows »