A Closer Look at Recent Trends and Key Holdings
Looking at the changes in outstanding shares among exchange-traded funds (ETFs) this week, the iShares Russell 1000 Value ETF (Symbol: IWD) stands out. It has recorded an inflow of about $397.3 million, equivalent to a week-over-week increase of 0.6% in outstanding units, rising from 320,500,000 to 322,550,000. Notable companies that comprise IWD include Walmart Inc (Symbol: WMT), which has gained approximately 0.7%, Johnson & Johnson (Symbol: JNJ), down roughly 1.1%, and Procter & Gamble Company (Symbol: PG), which is up about 0.3%. For a complete list of holdings, please visit the IWD Holdings page.
The chart below illustrates the one-year price performance of IWD in comparison to its 200-day moving average:
In review of the chart, IWD has seen a 52-week low of $159.20 per share, while its high reached $200.42. The latest trade price stands at $193.75. Evaluating the current share price against the 200-day moving average can serve as an effective tool for technical analysis—discover more about the 200-day moving average here.
Exchange-traded funds (ETFs) function similarly to stocks. Instead of purchasing “shares,” investors are buying and selling “units.” These units can be traded like stocks but can also be created or destroyed to meet investor demand. Each week, we track the week-over-week changes in shares outstanding to identify ETFs with notable inflows (indicating many new units created) or outflows (indicating many old units eliminated). The creation of new units necessitates the acquisition of the underlying holdings of the ETF, while the removal of units involves selling those holdings, meaning large flows can significantly influence the individual components within ETFs.
Click here to find out which 9 other ETFs had notable inflows »
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
