Significant Outflow Noted in Invesco FTSE RAFI US 1500 ETF
Today, analysis from ETF Channel reveals a notable change in the shares outstanding for the Invesco FTSE RAFI US 1500 Small-Mid ETF (Symbol: PRFZ). The ETF has experienced an estimated outflow of approximately $170.5 million, which translates to a 7.2% week-over-week decline in shares outstanding, dropping from 64,120,000 to 59,480,000.
Performance of Key Holdings
Among the ETF’s largest underlying components, several stocks have shown positive movement. Carvana Co (Symbol: CVNA) has increased by about 1.5%, Carpenter Technology Corp. (Symbol: CRS) is up 0.9%, and Adtalem Global Education Inc (Symbol: ATGE) has risen by approximately 1.2%. For a detailed list of holdings, please refer to the PRFZ Holdings page.
Chart Analysis
The chart below illustrates the one-year price performance of PRFZ in relation to its 200-day moving average:
Currently, PRFZ’s 52-week low is $32.53 per share, and its 52-week high stands at $45.80. The latest trade shows a price of $37.02. Analysts often compare current prices to the 200-day moving average to gauge performance trends.
Understanding ETFs and Market Movements
Exchange traded funds (ETFs) are similar to stocks, but investors are actually trading “units” instead of shares. These units can be created or destroyed based on investor demand. Our weekly monitoring of changes in shares outstanding helps identify ETFs experiencing significant inflows (new units created) or outflows (old units destroyed). The creation of new units means underlying holdings must be purchased, while the destruction involves selling holdings, which can impact individual components within the ETFs.
Click here to find out which other ETFs experienced notable outflows.
Additional Resources:
- GNUS market cap history
- GLIN Historical Stock Prices
- GXGX YTD Return
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
