Amidst the sea of ETFs, the iShares Core U.S. Aggregate Bond ETF (Symbol: AGG) has made waves with a monumental $767.1 million inflow. This marks a 0.8% increase week over week, propelling outstanding units from 1,036,900,000 to 1,044,800,000.
The chart below depicts AGG’s one-year price performance, compared to its 200-day moving average:
AGG’s 52-week range spans from a low of $91.5819 per share to a high of $100.98, with the last trade recorded at $97.30. This juxtaposition against the 200-day moving average offers a valuable technical analysis insight.
ETFs function akin to stocks, but instead of “shares,” investors deal in “units.” These “units” are tradable commodities like stocks but possess the unique characteristic of being created or destroyed in response to investor demand. We diligently monitor the weekly fluctuations in shares outstanding data to trace ETFs witnessing significant inflows or outflows. Noteworthy inflows indicate the creation of new units, necessitating the acquisition of the ETF’s underlying holdings, while noteworthy outflows denote the destruction of units, involving the sell-off of underlying holdings, thereby potentially influencing the individual components held within ETFs.
Click here for insights into 9 other ETFs that recorded notable inflows.
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