HomeMost PopularThe ETF Exodus: Analyzing DVY, T, TFC, KEY Stock Movements

The ETF Exodus: Analyzing DVY, T, TFC, KEY Stock Movements

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Week-over-Week Outflow Dynamics

In the realm of Exchange Traded Funds (ETFs), a recent standout is the iShares Select Dividend ETF (DVY). An approximate $91.0 million dollar outflow has been detected, marking a 0.5% decrease from 154,200,000 to 153,450,000 shares outstanding week over week. Notably, in today’s trading, key components of DVY showcase varied movements; AT&T Inc (T) trading flat, Truist Financial Corp (TFC) rising by 2.5%, and KeyCorp (KEY) soaring by about 2%.

DVY Price Performance Analysis

A glance at the one-year price performance comparison of DVY against its 200-day moving average reveals intriguing insights. DVY’s 52-week range displays a low point at $102.66 per share and a high point at $121.53. Currently trading at $121.36, the proximity to the 200-day moving average serves as a valuable technical analysis reference point for investors.

iShares Select Dividend ETF 200 Day Moving Average Chart

Deciphering ETF Trading

Amidst the ETF trading landscape, units function akin to stocks, although they are termed as ”units” instead of ”shares”. These units are subject to trading, creation or destruction to align with investor demand. Monitoring week-over-week alterations in shares outstanding data unveils ETFs witnessing noteworthy inflows (indicative of newly created units) or outflows (reflecting destruction of units). Noteworthy flows impact the constituent holdings within ETFs where new units entail purchase of underlying holdings, while unit destruction entails selling of underlying assets.

nslideshowClick here to discover nine other ETFs experiencing significant outflows.

Further Insights:
  • GABC market cap history
  • OCTH Videos
  • Funds Holding NSC

Author’s views and opinions expressed herein do not necessarily align with those of Nasdaq, Inc.

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