Invesco KBW Bank ETF Sees Significant Inflow Amidst Mixed Bank Performance
Positive Week for KBWB as Units Rise by 6.4%
This week, the Invesco KBW Bank ETF (Symbol: KBWB) attracted approximately $216.6 million in inflows, marking a 6.4% increase in outstanding units, which rose from 48,320,000 to 51,390,000. As for its notable holdings, Morgan Stanley (Symbol: MS) dipped about 1%, Bank of America Corp (Symbol: BAC) fell around 0.4%, and Citigroup Inc (Symbol: C) also saw a decline of roughly 0.4%. To explore the complete list of holdings, visit the KBWB Holdings page »
The chart below displays KBWB’s annual price performance compared to its 200-day moving average:
Examining the above chart, it’s evident that KBWB’s 52-week low stands at $46.8701 per share, while its peak reached $72.39. The last trade price sits at $70.37. Comparing this recent price to the 200-day moving average can provide valuable insights for technical analysis—learn more about the 200-day moving average ».
Understanding ETF Fundamentals
Unlike stocks, exchange-traded funds (ETFs) work with “units” instead of “shares.” Investors trade these units like stocks, but they can also be created or destroyed based on demand. Each week, we monitor changes in shares outstanding to spot ETFs with significant inflows (more units created) or outflows (units destroyed). If new units are created, the underlying securities need to be purchased; conversely, when units are destroyed, the underlying assets are sold. Thus, substantial inflows or outflows can influence individual stocks within the ETF portfolio.
Click here to discover 9 additional ETFs with notable inflows »
Additional Resources:
- CDXS Average Annual Return
- Institutional Holders of HF
- KME Historical Stock Prices
The views and opinions expressed herein are solely those of the author and do not necessarily reflect those of Nasdaq, Inc.
