First Trust Value Line Dividend Index Fund Sees Significant Outflow
In the latest updates on ETF share changes, the First Trust Value Line Dividend Index Fund (Symbol: FVD) has caught attention due to an approximate outflow of $314.4 million. This represents a 3.3% decline week over week, reducing the shares outstanding from 220,040,884 to 212,840,884. Among the key investments in FVD, notable market movements were observed today: Toyota Motor Corp (Symbol: TM) decreased by about 1.6%, while Honda Motor Co Ltd (Symbol: HMC) rose approximately 5.1%. Additionally, MAXIMUS Inc. (Symbol: MMS) increased by roughly 1.9%. For a complete overview of FVD’s holdings, head to the FVD Holdings page.
The chart below outlines FVD’s one-year price performance relative to its 200-day moving average:
According to the chart, FVD’s lowest point in its 52-week range was $39.73 per share, with a high of $46.825. The last trade recorded was $43.59. Comparing the latest share price to its 200-day moving average can provide valuable insights into technical performance.
Exchange-traded funds (ETFs) function similarly to stocks, but investors actually buy and sell “units” instead of “shares.” These units can be traded back and forth like stocks and can also be created or destroyed based on investor interest. Each week, we analyze week-over-week changes in shares outstanding, allowing us to identify ETFs with significant inflows (new units created) or outflows (units destroyed). The creation of new units typically necessitates purchasing the ETF’s underlying holdings, while the destruction of units involves selling those holdings. Therefore, significant share movements can influence the individual components within an ETF.
Click here to discover which 9 other ETFs are experiencing notable outflows.
Additional Insights:
- GSBC Market Cap History
- Snap-On Average Annual Return
- SBEA Shares Outstanding History
The views and opinions expressed herein are those of the author, and do not necessarily reflect the views of Nasdaq, Inc.
