The iShares Russell 1000 Growth ETF (IWF) has experienced a large drop in shares, marking a $450.5 million outflow this week. This represents a 0.4% decline in outstanding shares, reducing the total from 261,300,000 to 260,200,000.
Current Performance and Key Holdings
Among the major stocks within the ETF, Qualcomm Inc (QCOM) has seen a slight decline of about 0.1%. In contrast, Intuit Inc (INTU) has risen by approximately 1.2%, while Palantir Technologies Inc (PLTR) is up by around 1.6%. To explore the ETF’s full list of holdings, check out the IWF Holdings page.
The following chart illustrates IWF’s price performance over the past year compared to its 200-day moving average:
Over the last year, the lowest price recorded for IWF was $310.505 per share, with a high reaching $419.5263. The most recent trading price is $408.42. Investors often analyze the current price in relation to the 200-day moving average for better insights into market trends.
Special Report: Discover Top 8%+ Dividend Opportunities (Monthly Subscription)
ETFs, or exchange-traded funds, are traded similarly to stocks but involve the buying and selling of “units” instead of shares. These units can be created or destroyed based on investor demand. Each week, we track changes in outstanding ETF shares to identify those with notable inflows or outflows. When new units are created, the underlying assets must be purchased. Conversely, with outflows, the assets may need to be sold, which can affect the individual stocks held by the ETF.
Click here to learn about 9 other ETFs that experienced notable outflows »
Also see:
- BDC Investor
- NTRP YTD Return
- Institutional Holders of HSMV
The views and opinions expressed herein are those of the author and do not necessarily reflect the opinions of Nasdaq, Inc.
