Capital Group Growth ETF Experiences Notable Inflows This Week
Today, significant week-over-week changes in shares outstanding were noted among ETFs tracked by ETF Channel. The Capital Group Growth ETF (Symbol: CGGR) stands out with an influx of approximately $169.0 million, marking a 1.6% increase in outstanding units from 273,500,000 to 278,000,000.
Key Performers in CGGR
Among CGGR’s major components, the performance today includes Shopify Inc (Symbol: SHOP), which is down 0.5%; CloudFlare Inc (Symbol: NET), which is up 1.5%; and Royal Caribbean Group (Symbol: RCL), which has risen by about 0.5%. For a complete list of holdings, please visit the CGGR Holdings page.
Price Performance and Moving Average
The chart below illustrates the one-year price performance of CGGR in comparison to its 200-day moving average:
As noted in the chart, CGGR’s low point over the past 52 weeks is $29.70, while its peak is $39.96. The most recent trade price is $37.50. Analyzing the current share price in relation to the 200-day moving average can offer valuable insights. For more information on this technique, click here.
Understanding ETF Trading Dynamics
ETFs function similarly to stocks; however, investors acquire and trade ”units” rather than ”shares.” These ”units” can be exchanged just like stocks and can also be created or eliminated based on investor demand. Each week, we examine the week-over-week changes in shares outstanding to identify ETFs with significant inflows (indicating new units created) or outflows (signaling the destruction of old units). The creation of new units results in the purchase of underlying holdings, while the destruction leads to selling off those holdings. Therefore, large flows can notably affect the individual components within the ETFs.
Click here to find out which 9 other ETFs had notable inflows.
For more insights, see:
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
