The iShares MSCI USA Momentum Factor ETF (MTUM) has reported a significant inflow of approximately $550.8 million, marking a 2.0% week-over-week increase in outstanding units, from 85,750,000 to 87,500,000.
Over the past year, MTUM’s share price has fluctuated within a range of $228.53 to $317.975, with the most recent trading price at $315.98.
The ETF market allows for units to be created or destroyed based on investor demand, affecting the underlying holdings as new units are created to match inflows.
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