Significant Outflows Detected in Invesco KBW Bank ETF

Today, we observe notable changes in week-over-week shares outstanding among various ETFs tracked by ETF Channel. A key highlight is the Invesco KBW Bank ETF (Symbol: KBWB), which has seen an outflow of approximately $126.4 million. This represents a 3.2% decrease week over week, shrinking shares from 57,960,000 to 56,080,000.

Performance of Underlying Holdings

Within the largest components of KBWB, Bank of New York Mellon Corp (Symbol: BK) stands out with a gain of about 0.4%. Conversely, State Street Corp. (Symbol: STT) has declined by approximately 0.4%, while PNC Financial Services Group (Symbol: PNC) has decreased by about 0.2%. For a complete list of holdings, visit the KBWB Holdings page.

Price Trends and Technical Analysis

The chart below illustrates KBWB’s one-year price performance compared to its 200-day moving average:

In its 52-week range, KBWB’s lowest point is $51.125 per share, while the highest point reaches $72.39. The most recent trade closed at $67.05. Analyzing the current share price against the 200-day moving average can provide valuable insights into the ETF’s performance.

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Exchange traded funds (ETFs) operate similarly to stocks in that investors buy and sell “units” rather than “shares.” These units can be traded like stocks but can also be created or destroyed depending on investor demand. Weekly monitoring of changes in shares outstanding helps identify ETFs encountering significant inflows (new units created) or outflows (existing units destroyed). Creating new units requires the purchase of underlying assets. Conversely, destroying units necessitates selling those assets, which can impact the individual securities within ETFs.

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

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