ETF Sees $208.4 Million Increase in Outstanding Units
Today, we highlight the iShares Core S&P Mid-Cap ETF (Symbol: IJH) for its remarkable $208.4 million inflow, leading to a 0.2% increase in outstanding units, bringing the total from 1,536,750,000 to 1,540,000,000. In today’s trading, several of the ETF’s largest underlying components experienced declines: PURE Storage Inc. (Symbol: PSTG) fell by 2.4%, EMCOR Group, Inc. (Symbol: EME) decreased by 3.6%, and Illumina Inc. (Symbol: ILMN) saw a minor drop of 0.2%. Check out the full list of holdings on the IJH Holdings page.
The chart below illustrates IJH’s one-year price performance compared to its 200-day moving average:
According to the chart, IJH’s lowest point in the last 52 weeks was $54.764 per share, and its highest point reached $68.33. Currently, the latest trade stands at $63.75. Evaluating the most recent share price against the 200-day moving average can provide valuable insights for traders—explore more about the 200-day moving average here.
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Exchange-traded funds (ETFs) function similarly to stocks, but instead of “shares,” investors buy and sell “units.” These units can be created or redeemed based on demand. Each week, our analysis focuses on the changes in shares outstanding, noting ETFs that experience significant inflows or outflows. When new units are created, the ETF must purchase additional underlying assets, while if units are taken away, it requires selling some holdings. Thus, notable flows can greatly affect the components held within these ETFs.
Click here to see which 9 other ETFs had significant inflows »
Also see:
- Leveraged Utilities ETFs
- ITW Historical Stock Prices
- SOPH Stock Predictions
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
