Week-Over-Week Changes Highlighting Notable Metrics
In the latest analysis from ETF Channel, the iShares Core MSCI EAFE ETF (Symbol: IEFA) stands out with a remarkable inflow of approximately $246.8 million. This marks a 0.2% week-over-week increase in outstanding units, rising from 1,650,000,000 to 1,653,400,000 units. Among IEFA’s largest underlying stocks, Sea Ltd (Symbol: SE) has declined by about 1.6%, while AerCap Holdings NV (Symbol: AER) is up approximately 0.1%. Teva Pharmaceutical Industries Ltd (Symbol: TEVA) has also decreased by around 1.6%. For a comprehensive list of holdings, check the IEFA Holdings page.
The chart below illustrates IEFA’s one-year price performance alongside its 200-day moving average:
Examining the chart, the low point for IEFA in the past year is $67.19 per share, with a peak at $78.825. The most recent share price is $72.06. Analyzing the current share price in relation to the 200-day moving average can provide valuable insights for technical analysis.
Understanding ETF Mechanics
Exchange-traded funds (ETFs) operate similarly to stocks; however, investors are buying and selling “units” rather than shares. These units can be exchanged just like stocks and can also be created or destroyed based on investor demand. Each week, we monitor changes in outstanding shares to identify ETFs experiencing significant inflows, indicating a creation of new units, or outflows, suggesting a reduction in units. New unit creation results in the purchase of underlying assets, while unit destruction involves selling those assets. Thus, large movements can influence the performance of assets within the ETFs.
Click here to discover which 9 other ETFs experienced notable inflows »
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The views and opinions expressed herein are solely those of the author and do not necessarily reflect those of Nasdaq, Inc.
