iShares IGV Sees $272.3 Million Outflow, Highlights Market Trends
Examining the latest changes in shares outstanding within ETFs, the iShares Expanded Tech-Software Sector ETF (Symbol: IGV) stands out with an estimated outflow of approximately $272.3 million. This represents a 2.2% decrease from the previous week, with shares declining from 116,950,000 to 114,350,000.
Among the ETF’s notable holdings today, Fortinet Inc (Symbol: FTNT) has dipped about 0.1%, Applovin Corp (Symbol: APP) has risen by around 0.7%, and Roper Technologies Inc (Symbol: ROP) has fallen by approximately 1.4%. For a full list of IGV’s holdings, please visit the IGV Holdings page.
The chart below illustrates IGV’s one-year price performance alongside its 200-day moving average:
According to the chart, IGV’s lowest price in the past 52 weeks stands at $75.96 per share, while the highest price reached $110.84. Currently, the ETF trades at $105.14. Analyzing the recent share price compared to the 200-day moving average can provide insights for technical analysis.
Exchange-traded funds (ETFs) operate similarly to stocks; investors buy and sell “units” rather than shares. These “units” can be traded back and forth like stocks but can also be created or destroyed based on demand. Weekly monitoring of changes in shares outstanding helps identify ETFs facing significant inflows, indicating new units are being created, or outflows, suggesting existing units are being removed. Creating new units necessitates purchasing the underlying assets, while the destruction involves selling off holdings. Thus, significant flow changes can impact the individual components within ETFs.
Click here to learn which 9 additional ETFs experienced notable outflows.
See Also:
- Funds Holding CRDT
- Acurx Pharmaceuticals Historical PE Ratio
- Gogo 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.
