iShares MSCI EAFE ETF Sees Notable Inflows: Weekly Update

In a week marked by significant trading activity, the iShares MSCI EAFE ETF (Symbol: EFA) experienced an inflow of approximately $206.6 million. This figure represents a 0.3% increase in its week-over-week outstanding units, rising from 709,800,000 to 712,200,000. The largest underlying components of EFA include Spotify Technology SA (Symbol: SPOT), which has decreased by about 0.7%, Sea Ltd (Symbol: SE), showing a slight increase of 0.2%, and AerCap Holdings NV (Symbol: AER), gaining approximately 1.5%.

For a detailed breakdown of EFA’s holdings, please refer to the EFA Holdings page.

Price Performance and Moving Averages

The accompanying chart illustrates the one-year price performance of EFA in comparison to its 200-day moving average:

EFA’s 52-week range shows a low point at $72.145 per share and a high of $86.39. The most recent trade was noted at $86.34. Comparing the current share price with the 200-day moving average is a recommended technical analysis method.

Understanding ETF Mechanics

Exchange-traded funds (ETFs) function similarly to stocks, where investors trade ”units” rather than ”shares.” These units can be bought and sold, but they can also be created or destroyed based on investor demand. Weekly monitoring of shares outstanding data allows for the identification of ETFs with notable inflows or outflows. A creation of new units necessitates the purchase of underlying holdings, while a destruction involves selling them. Consequently, significant flows can impact the individual components within the ETFs.

For further insights on other ETFs experiencing noteworthy inflows, click here.

Additional Resources:

• Top Stocks Held By Bruce Berkowitz
• BBCP YTD Return
• Funds Holding PSEP

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.