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Tracking ETF Trends: Analyzing Outflows from QQQM, REGN, MDLZ, GILD

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Tracking ETF Trends: Analyzing Outflows from QQQM, REGN, MDLZ, GILD

Uncovering Notable Changes

Examining the week-over-week shares outstanding adjustments within the ETF universe reveals a significant development in the Invesco NASDAQ 100 ETF (QQQM). Notably, there has been an observed outflow of approximately $135.3 million, marking a 0.6% decline from 124,370,000 to 123,620,000 shares.

Top Performers and Decliners

Within QQQM, key underlying components showed mixed performance in today’s trading session. Regeneron Pharmaceuticals, Inc. (REGN) experienced a downturn of 1.4%, while Mondelez International Inc (MDLZ) demonstrated a modest increase of 0.3%. On the other hand, Gilead Sciences Inc (GILD) saw a decrease of approximately 0.6%.

Visualizing Price Movement

Illustrating the one-year price performance of QQQM against its 200-day moving average provides valuable insights into its market behavior. QQQM’s 52-week range highlights a low of $125.34 per share, contrasted with a high of $184.655, culminating in a recent trade at $180.80.

Furthermore, comparing the current share price with the 200-day moving average serves as a strategic technical analysis approach for investors navigating the ETF landscape.

Understanding ETF Dynamics

Exchange-traded funds (ETFs) offer investors a unique avenue akin to trading stocks, though the transactions involve purchasing and selling ”units” instead of traditional shares. The flexibility of creating or dismantling these units aligns with investor demand, enabling seamless trading within the ETF realm.

Monitoring weekly shifts in shares outstanding data remains essential, as inflows (creation of new units) and outflows (destruction of existing units) play a pivotal role in shaping ETF dynamics. Noteworthy flows impact the composition of individual assets within these ETFs, underscoring the interconnectedness of fund movements.

Click here to discover nine other ETFs experiencing notable outflows.

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The insights and perspectives presented here are the author’s own and may not necessarily reflect those of Nasdaq, Inc.