iShares Russell 1000 ETF Sees $217.4 Million Outflow This Week

In a review of week-over-week changes in shares outstanding for ETFs, the iShares Russell 1000 ETF (Symbol: IWB) experienced a notable outflow of approximately $217.4 million. This represents a decrease of 0.6%, with shares outstanding dropping from 125,200,000 to 124,500,000.

Among IWB’s key holdings today, Uber Technologies Inc (Symbol: UBER) has increased about 0.5%. Similarly, Adobe Inc (Symbol: ADBE) is up around 0.3%, and Progressive Corp. (Symbol: PGR) shows a rise of approximately 0.7%. For a comprehensive list of holdings, please visit the IWB Holdings page.

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

According to the chart, the lowest point for IWB in its 52-week range is $264.17 per share, with the highest point at $337.76. The most recent trade occurred at $310.83. Evaluating the current share price against the 200-day moving average is a useful technical analysis method; find out more about the 200-day moving average.

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Exchange-traded funds (ETFs) operate like stocks, but investors buy and sell “units” instead of shares. These units are traded similarly to stocks but can also be created or destroyed based on investor demand. Each week, we track changes in shares outstanding to identify ETFs with significant inflows (indicating new units created) or outflows (indicating old units destroyed). The creation of new units requires purchasing the underlying assets of the ETF, while unit destruction necessitates selling those assets, indicating how large flows can affect individual components within ETFs.

Click here to find out which 9 other ETFs experienced notable outflows.

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• Cheap Financial Stocks
• Institutional Holders of TSEL
• Top Ten Hedge Funds Holding PUTD

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