iShares Russell 1000 Value ETF Sees Major Outflow This Week

In examining week-over-week changes in shares outstanding among ETFs, the iShares Russell 1000 Value ETF (Symbol: IWD) has attracted attention with an approximate outflow of $705.2 million. This represents a 1.2% decrease in shares outstanding, dipping from 333,400,000 to 329,500,000 units.

Key Underlying Components Performance

Among the largest holdings in IWD, significant movements include Blackrock Inc (Symbol: BLK) down about 1%, Danaher Corp (Symbol: DHR) declining approximately 0.3%, and Citigroup Inc (Symbol: C) also lower by around 0.3%. For a comprehensive list of IWD’s holdings, please visit the IWD Holdings page.

IWD Price Performance Analysis

The chart below illustrates IWD’s one-year price performance in relation to its 200-day moving average:

IWD recorded a 52-week low of $163.19 per share and a high of $200.42, with the most recent trade occurring at $179.40. Analyzing the current share price against the 200-day moving average can provide useful insights into technical trends.

Understanding ETF Mechanics

Exchange-Traded Funds (ETFs) operate similarly to stocks, but investors buy and sell “units.” These units can be exchanged just like shares and can be created or destroyed in response to market demand. Each week, we track changes in shares outstanding to identify ETFs with significant inflows (new units) or outflows (units removed). Creating new units necessitates the purchase of underlying securities, while the removal of units requires selling those holdings. Therefore, considerable flows can affect the individual components within ETFs.

Click here to explore which 9 other ETFs have experienced notable outflows this week.

Additional Resources:

• OBAF Historical Stock Prices
• DSWL Historical Stock Prices
• BKNG MACD

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