ETF Outflows Impacting IGV, INTU, CRWD, and CDNS

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The iShares Expanded Tech-Software Sector ETF (IGV) experienced an outflow of approximately $161.7 million, marking a 2.2% decrease in shares outstanding from 73,350,000 to 71,750,000 week over week. This change reflects ongoing investor sentiment and trading activity within the tech sector.

As of the latest trading session, the ETF’s shares are priced at $101.02, compared to a 52-week low of $76.68 and a high of $117.99. Notably, major components of the IGV, including Intuit Inc (INTU) which is down 0.7%, CrowdStrike Holdings Inc (CRWD) up 1.3%, and Cadence Design Systems Inc (CDNS) up 3.9%, contribute to its overall performance.

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