Unveiling ETF Inflow Insights: QQQM, META, COST, GOOGL
Exploring week-over-week shares outstanding variations among the ETF landscape, one standout is the Invesco NASDAQ 100 ETF (Ticker: QQQM) where an approximate $761.4 million inflow has been detected — representing a 2.3% upsurge in outstanding units from 163,780,000 to 167,560,000. Among the primary components of QQQM, Meta Platforms Inc (Ticker: META) witnessed a slight decline of 0.3%, Costco Wholesale Corp (Ticker: COST) was down by about 1.8%, and Alphabet Inc (Ticker: GOOGL) made a positive move, up by around 1.4%. For a detailed list of holdings, check the QQQM Holdings page.
Charting the Price Performance
The visual representation below displays the one-year price performance of QQQM against its 200-day moving average:
Analyzing the chart reveals that QQQM’s 52-week range reaches a low of $140.84 per share and a high of $207.24, with the latest trade settling at $201.41. Comparing the current share price with the 200-day moving average can serve as a valuable technical analysis tool.
The Dance of ETFs in The Stock Market Ballroom
ETFs, akin to stocks, are traded based on ”units” rather than traditional ”shares.” These ”units” can be bought and sold like stocks, with the added flexibility of creating or destroying them to adapt to investor demand. We consistently monitor the week-over-week shift in shares outstanding data to track ETFs witnessing noteworthy inflows (generating new units) or outflows (eliminating existing units). The creation of new units necessitates the acquisition of the ETF’s underlying assets, while the destruction of units involves selling these holdings, hence large flows can significantly impact the individual components held within ETFs.
Click here to discover 9 other ETFs that experienced remarkable inflows.
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The perspectives expressed herein mirror the views and opinions of the author and do not inevitably align with those of Nasdaq, Inc.
