Strong momentum in ETF trading as iShares MSCI USA Min Vol Factor ETF sees a notable increase in units.
In the latest report from ETF Channel, the iShares MSCI USA Min Vol Factor ETF (Symbol: USMV) has shown an impressive inflow of approximately $244.9 million. This represents a 1.1% rise in the number of outstanding units, moving from 252,500,000 to 255,200,000 week over week. Among its major holdings, Cisco Systems Inc (Symbol: CSCO) experienced a modest increase of about 0.6%. However, Republic Services Inc (Symbol: RSG) and Waste Connections Inc (Symbol: WCN) both saw declines, with RSG down by 1% and WCN down by 0.4%. For a detailed view of its holdings, visit the USMV Holdings page »
The following chart depicts the one-year price performance of USMV, alongside its 200-day moving average:
Reviewing the chart, USMV hit a low of $79.305 per share over the past year, while its peak reached $94.83. The most recent trading price stands at $90.79. By comparing this price against the 200-day moving average, investors can gauge market trends—a common technical analysis approach.
Exchange-traded funds (ETFs) operate like stocks, but instead of buying “shares,” investors trade in “units.” These units can be bought and sold similarly to stocks and can also be created or destroyed based on investor demand. Our weekly monitoring of changes in outstanding shares helps identify ETFs with significant inflows (increased unit creation) or outflows (unit reductions). The creation of new units necessitates the purchase of the ETF’s underlying assets, while unit destruction requires selling those assets, thereby influencing individual components within the ETFs.
Click here to find out which 9 other ETFs had notable inflows »
Also see:
- Socially Responsible Preferreds
- ETFs Holding ADM
- EPAC Historical PE Ratio
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
