iShares Gold Trust Sees $434.9 Million Week-Over-Week Inflow

In recent trading, the iShares Gold Trust (Symbol: IAU) has emerged as a notable ETF, showing an approximate $434.9 million inflow. This marks a 0.9% week-over-week increase in outstanding units, rising from 734,650,000 to 741,550,000.

Price Performance Overview

The accompanying chart illustrates IAU’s one-year price performance against its 200-day moving average:

Over the past 52 weeks, IAU’s share price has fluctuated, reaching a low point of $43.05 and a high of $64.98. Currently, the last trade stands at $61.92. Evaluating the share price in relation to the 200-day moving average can provide useful insights for technical analysts.

Understanding ETF Shares and Flow Impact

Exchange-traded funds (ETFs) function similarly to stocks, but investors trade “units” rather than “shares.” These units can be bought and sold like stocks, and they can also be created or destroyed to align with investor demands. Each week, we track changes in shares outstanding to identify ETFs with significant inflows—indicating the creation of new units or outflows—indicating the destruction of units. Such transactions necessitate the buying or selling of the underlying holdings, thereby affecting the individual components within the ETFs.

Click here to discover which 9 other ETFs experienced notable inflows.

Further Insights

In addition to IAU, the analysis includes various funds, such as those holding ERYP, and insights on SRRK and MFIN price targets.

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.