Significant Inflows Boost iShares Russell 1000 Value ETF
Walmart and Other Key Stocks See Mixed Results in Latest Trading
In a remarkable week on Wall Street, the iShares Russell 1000 Value ETF (Symbol: IWD) experienced a substantial inflow, with approximately $913.7 million added, marking a 1.5% increase in outstanding units. The ETF’s total units rose from 337,300,000 to 342,200,000. Within IWD’s prominent holdings, Walmart Inc. (Symbol: WMT) saw a gain of about 1%, while Johnson & Johnson (Symbol: JNJ) declined by approximately 0.7%, and Procter & Gamble Company (Symbol: PG) dropped about 2.2%. For a full list of holdings, visit the IWD Holdings page »
The chart below illustrates the one-year price performance of IWD against its 200-day moving average:
According to the chart, IWD’s price fluctuated between a low of $160.98 per share and a high of $200.42 over the past year. The ETF’s last traded price was $187.57, sitting comfortably above its 200-day moving average, which can provide valuable insights for technical analysis—learn more about the 200-day moving average ».
Exchange-traded funds (ETFs) operate like stocks, but investors trade “units” instead of shares. These units can be created or destroyed based on market demand, impacting the underlying assets within the ETF. Each week, we monitor changes in shares outstanding to identify ETFs with significant inflows or outflows. The creation of new units means that the ETF must purchase more of its underlying assets, while the destruction of units involves selling off those holdings, which can affect the individual securities within the fund.
Click here to discover which 9 other ETFs experienced notable inflows »
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
