iShares Russell Mid-Cap ETF Sees $213 Million Inflow This Week

In the latest week, the iShares Russell Mid-Cap ETF (Symbol: IWR) has attracted notable investor interest, with an inflow of approximately $213.4 million. This marks a week-over-week increase of 0.6% in outstanding units, rising from 447,450,000 to 449,950,000. Among the ETF’s largest underlying components, Arthur J. Gallagher & Co. (Symbol: AJG) is down about 0.6%. Meanwhile, MicroStrategy Inc. (Symbol: MSTR) is trading flat, and Williams Cos Inc (Symbol: WMB) has increased by approximately 0.8%. For detailed information on the ETF’s holdings, visit the IWR Holdings page »

The chart below illustrates the one-year price performance of IWR compared to its 200-day moving average:

Examining the chart reveals that IWR has a 52-week low of $78.36 per share and a high of $96.005, with the last trade recorded at $85.50. Comparing the most recent share price to the 200-day moving average serves as a useful technical analysis tool—learn more about the 200-day moving average »

Exchange-Traded Funds (ETFs) function similarly to stocks; however, investors are purchasing and selling “units” instead of “shares.” These units can be traded like stocks but may also be created or destroyed depending on investor demand. Each week, we analyze changes in shares outstanding to track ETFs experiencing significant inflows (signifying new units created) or outflows (indicating old units destroyed). When new units are created, the underlying holdings of the ETF need to be purchased. Conversely, when units are destroyed, individual holdings may need to be sold, leading to potential market impacts on the ETF’s components.

Click here to find out which 9 other ETFs had notable inflows »

Also see:

• Funds Holding PSWD
• Top Ten Hedge Funds Holding ROCG
• BSDM Insider Buying

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.