Significant $205 Million Inflow Boosts Invesco MSCI USA ETF
In examining week-over-week changes in exchange-traded funds (ETFs) reported by ETF Channel, the Invesco MSCI USA ETF (Symbol: PBUS) stands out. This fund experienced an influx of approximately $205.1 million, resulting in a 3.1% rise in its outstanding units—from 114,650,000 to 118,150,000.
Performance of Underlying Components
Among PBUS’s key underlying assets, Boeing Co. (Symbol: BA) has increased by about 0.3%, Honeywell International Inc. (Symbol: HON) is up approximately 0.2%, while Blackrock Inc. (Symbol: BLK) has seen a decline of about 0.5% today. For the full list of the ETF’s holdings, refer to the PBUS Holdings page.
Share Price and Moving Averages
The chart below illustrates the one-year price performance of PBUS alongside its 200-day moving average:
Currently, PBUS’s 52-week low is recorded at $48.30 per share, and its 52-week high is at $61.75. The latest trade price stands at $58.71. Comparing this price to the 200-day moving average can provide valuable insights for technical analysis.
Understanding ETF Trading Dynamics
Exchange-traded funds share similarities with stocks; however, investors buy and sell “units” instead of “shares.” These units are tradable like stocks, but they can also be created or redeemed based on market demand. Each week, we analyze fluctuations in shares outstanding, focusing on ETFs that show significant inflows (new units created) or outflows (existing units removed). The creation of new units implies the necessity to purchase the ETF’s underlying assets, while the redemption process involves selling them. Consequently, substantial flows can influence the individual components held within the ETFs.
Find out which 9 other ETFs had notable inflows here
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
