Strong Performance Highlights Growth in Assets
Looking at the recent week-over-week changes among ETFs covered by ETF Channel, the iShares Core S&P Mid-Cap ETF (Symbol: IJH) stands out with a substantial inflow of approximately $167.5 million. This marks a 0.2% increase in outstanding units, rising from 1,473,600,000 to 1,476,300,000.
Among the top components of IJH, trades on Illumina Inc (Symbol: ILMN), Texas Pacific Land Corp (Symbol: TPL), and EMCOR Group, Inc. (Symbol: EME) reflected positive movements today, up about 2.6%, 3.6%, and 3.2%, respectively. For full details on IJH’s holdings, refer to the IJH Holdings page »
IJH’s price performance over the past year has shown a 52-week low at $48.022 per share and a high of $64.08. At the time of writing, the latest trade for IJH was at $62.62. Investors often compare current share prices to the 200-day moving average to assess trends in price movement — learn more about the 200-day moving average ».
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Exchange-traded funds (ETFs) operate similarly to stocks; however, when investing, buyers are purchasing “units” instead of “shares.” These units can be traded like stocks but can also be created or destroyed based on investor demand. Our weekly monitoring of changes in shares outstanding helps identify ETFs with significant inflows (which leads to creating new units) or outflows (which involves destroying old units). Notably, large inflows or outflows can impact the underlying stocks within these ETFs.
Click here to discover which 9 other ETFs witnessed remarkable inflows »
Also see:
- TPRE Insider Buying
- CMF Videos
- Institutional Holders of NHHS
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
