Overview of Inflow
Observing the week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P 500 ETF (Symbol: IVV). An approximate $199.7 million inflow has been detected, representing a 0.05% increase week over week in outstanding units, from 864,800,000 to 865,200,000.
Trading Highlights
Amidst the largest underlying components of IVV, Johnson & Johnson (Symbol: JNJ) experienced a 0.1% decline in today’s trading, while Procter & Gamble Company (Symbol: PG) surged by about 0.8%, and Home Depot Inc (Symbol: HD) rose by approximately 0.4%.
Price Performance and Analysis
The one-year price performance of IVV has been visually depicted against its 200-day moving average. The range spans from a low point of $382.37 per share to a high point of $505.92 over 52 weeks – in contrast to a last trade price of $497.91. Comparing the most recent share price to the 200-day moving average can also be a valuable technical analysis technique.
Exchange-traded funds (ETFs) function akin to stocks, yet investors trade “units” rather than “shares”. These “units” are tradable like stocks but can also be generated or eliminated based on investor demand. Monitoring the week-over-week change in shares outstanding data is crucial to identify ETFs experiencing notable inflows or outflows.
Influencing Factors
The creation of new units necessitates the purchase of underlying holdings, while the destruction of units involves selling underlying holdings. Therefore, significant flows can significantly impact the individual components held within ETFs.
Click here to find out which 9 other ETFs had notable inflows.
Also see:
CETC Options Chain
Top Ten Hedge Funds Holding QQEW
Funds Holding TMAT
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
