In the latest review of week-over-week share changes for ETFs, the iShares MSCI EAFE Growth ETF (Symbol: EFG) stands out with an impressive inflow of approximately $471.8 million. This translates to a 3.3% increase in outstanding units, jumping from 147,200,000 to 152,000,000.
Top Performers Contributing to EFG’s Surge
Among the key components of EFG, several tech companies have shown notable gains in today’s trading. Check Point Software Technologies, Ltd. (Symbol: CHKP) has appreciated by approximately 1.9%, CyberArk Software Ltd (Symbol: CYBR) has risen by about 3%, and monday.com Ltd (Symbol: MNDY) has seen a 3.5% increase. For further details on all holdings, visit the EFG Holdings page »
The chart below illustrates the one-year price performance of EFG in relation to its 200-day moving average:
Examining EFG’s Price Movement
Currently, EFG trades at $98.02, well within its 52-week range that saw a low of $91.51 and a high of $108.9099. Analyzing the current share price against the 200-day moving average can provide valuable insights for investors; find out more about the 200-day moving average here »
Exchange-traded funds (ETFs) function similarly to stocks, but investors trade “units” instead of “shares.” These units can be created or destroyed based on demand. Each week, we track the changes in outstanding units to identify ETFs experiencing significant inflows or outflows. When new units are created, the ETF must acquire its underlying assets, while the destruction of units requires the sale of those assets. Thus, substantial movements can influence the individual components within the ETFs.
Click here to find out which 9 other ETFs had notable inflows »
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
