iShares Russell 1000 ETF Sees $352.8 Million Week-Over-Week Outflow
In recent analysis of Exchange-Traded Funds (ETFs), the iShares Russell 1000 ETF (Symbol: IWB) has made headlines due to a significant week-over-week change in shares outstanding. This particular ETF experienced an outflow of approximately $352.8 million, marking a 0.9% decline in shares from 121,100,000 to 119,950,000. During today’s trading, key components of IWB include Honeywell International Inc (Symbol: HON), which is up about 0.5%, Blackrock Inc (Symbol: BLK), dipping by around 0.1%, and Lowe’s Companies Inc (Symbol: LOW), decreasing by approximately 1.4%. For a complete list of holdings, you can visit the IWB Holdings page.
The chart below illustrates the one-year price performance of IWB, juxtaposed against its 200-day moving average:
From the chart, we can see that IWB’s 52-week low is $271.54 per share, while the 52-week high stands at $337.76. The latest trade price recorded is $306.28. Analysts often consider the relationship between the current share price and the 200-day moving average as a technical analysis tool.
ETFs function similarly to stocks but involve trading ”units” instead of shares. These ”units” can be exchanged just like stocks and can also be created or destroyed based on investor demand. Weekly monitoring of changes in shares outstanding helps identify ETFs with significant inflows or outflows. When new units are created, it indicates a need to purchase underlying holdings, while unit destruction involves selling underlying assets, potentially influencing the components within the ETF.
Click here to find out which 9 other ETFs experienced notable outflows.
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