Major Outflow Hits JPMorgan BetaBuilders U.S. Aggregate Bond ETF
In a recent analysis of week-over-week changes in shares outstanding among ETFs tracked by ETF Channel, the JPMorgan BetaBuilders U.S. Aggregate Bond ETF (Symbol: BBAG) has emerged as a notable item. The ETF experienced an approximate outflow of $233.7 million, translating to a 14.9% decrease in shares outstanding—from 33,948,203 to 28,873,203.
The chart below illustrates BBAG’s price performance over the past year compared to its 200-day moving average:
BBAG’s 52-week low stands at $44.27 per share, while its 52-week high is $47.72. In contrast, the last recorded trade was at $46.34. Evaluating the most recent share price against the 200-day moving average can provide valuable insights. To explore this technical analysis technique further, click here.
Exchange-traded funds (ETFs) operate similarly to stocks; however, investors purchase and sell “units.” These “units” can be traded like stocks but can also be created or destroyed in response to market demand. Each week, we monitor changes in shares outstanding to identify ETFs experiencing significant inflows (when new units are created) or outflows (when existing units are removed). The creation of new units requires purchasing the ETF’s underlying holdings, while the destruction of units implies selling those holdings. Thus, large flows can affect the individual securities that the ETFs hold.
Click here to discover which 9 other ETFs have recently seen notable outflows »
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