Weekly Outflow and Performance Overview
Looking at the latest data from ETF Channel, the iShares Russell 1000 Growth ETF (Symbol: IWF) has seen a notable outflow of approximately $143.1 million. This represents a slight 0.1% decrease in shares outstanding, dropping from 261,050,000 to 260,700,000. Among the ETF’s main components, some prominent stocks have decreased in value today: Uber Technologies Inc (Symbol: UBER) has fallen roughly 4.5%, while AbbVie Inc (Symbol: ABBV) and Progressive Corp. (Symbol: PGR) are both down about 0.5%. For further details, check out the IWF Holdings page.
Price Performance Insights
The chart below illustrates the one-year price trajectory of IWF compared to its 200-day moving average:
The lowest point for IWF over the past 52 weeks was $293.62 per share, while it reached a high of $414.72. Currently, the most recent trade stands at $413.81. This comparison with the 200-day moving average is a useful technique for technical analysis. For those interested, more information about the 200-day moving average can be found here.
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Exchange-traded funds (ETFs) function similarly to stocks, with investors buying and selling ‘units.’ These ‘units’ can be traded much like shares but can also be created or eliminated based on investor interest. Each week, we examine the week-over-week changes in shares outstanding to identify ETFs with significant inflows (new units created) or outflows (units destroyed). The creation of new units implies that the underlying assets need to be purchased, while the destruction of units necessitates selling, which can impact the individual securities held in these ETFs.
Click here to see which 9 other ETFs experienced notable outflows »
Also see:
Funds Holding ATMP
IVAC Insider Buying
HBIO market cap history
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
