This week, the iShares Russell Mid-Cap Growth ETF (Symbol: IWP) made headlines with an impressive inflow of approximately $101.4 million. This amount marks a 0.6% increase in the number of outstanding units, rising from 137,300,000 to 138,100,000. Notable performers among IWP’s largest components include The Trade Desk Inc (Symbol: TTD), up around 0.8%, Ameriprise Financial Inc (Symbol: AMP), which has gained about 0.2%, and Vistra Corp (Symbol: VST), with a remarkable increase of about 4.1%. For detailed information on the fund’s holdings, visit the IWP Holdings page.
The following chart illustrates the one-year price performance of IWP in relation to its 200-day moving average:
IWP’s trading journey over the past year reveals a low of $100.34 per share, contrasted with a peak of $138.8399. The recent closing price stands at $127.70. Evaluating the current share price against the 200-day moving average offers valuable insights for technical analysis. To delve deeper into the significance of the 200-day moving average, click here.
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Exchange-traded funds (ETFs) operate like stocks. However, instead of trading “shares,” investors buy and sell “units.” These “units” can be exchanged just like stocks but can also be created or redeemed to reflect investor demand. Each week, we analyze changes in shares outstanding, identifying ETFs that experience significant inflows (indicating new units created) or outflows (signifying units extinguished). When new units are created, the ETF must purchase its underlying assets, while the destruction of units compels the sale of those assets. Therefore, large transactions can significantly influence the components held within ETFs.
Click here to explore 9 other ETFs with major inflows »
Additional Resources:
- Top Ten Hedge Funds Holding MATN
- SRCH Insider Buying
- GEOS Videos
The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
