iShares SGOV ETF Sees $1.1 Billion Inflow, Boosts Units by 2.3%

Significant Changes in Outstanding Shares

This week, the iShares 0-3 Month Treasury Bond ETF (Symbol: SGOV) reported a notable inflow of approximately $1.1 billion. This equates to a 2.3% increase in outstanding units, rising from 457,350,000 to 468,000,000.

Price Performance Metrics

The chart below depicts SGOV’s one-year price performance in relation to its 200-day moving average:

SGOV’s shares have a 52-week low of $100.15 and a high of $100.75, with the latest trade recorded at $100.68. Analyzing the share price against the 200-day moving average can provide valuable insights for investors.

Understanding ETF Units

Exchange-traded funds (ETFs) operate like stocks, involving the buying and selling of “units.” These units are subject to creation or destruction based on investor demand. Our weekly monitoring of changes in shares outstanding helps identify ETFs with significant inflows or outflows. New unit creation necessitates purchasing underlying assets, while unit destruction involves selling those assets, which can affect individual components within ETFs.

Click here for details on 9 other ETFs with notable inflows.

Related Information:

• Real Estate Dividend Stocks
• JMT Historical Stock Prices
• JKG YTD Return

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