In a recent update from ETF Channel, the Capital Group Core Equity ETF (Symbol: CGUS) stands out with an impressive inflow of approximately $318.6 million. This surge translates to a 6.7% rise in its outstanding units, increasing from 132,200,000 to 141,000,000 over the past week. Key components of CGUS include Broadcom Inc (Symbol: AVGO), which has seen a 2.7% increase, Mastercard Inc (Symbol: MA) up by 0.2%, and AbbVie Inc (Symbol: ABBV), which has dipped by about 0.4%. For further details, you can check the CGUS Holdings page.
The chart below illustrates CGUS’s price performance over the past year, including its relationship to the 200-day moving average:
Examining the chart, we note that CGUS’s lowest price in the past year was $29.135 per share, while its highest reached $36.749. The most recent trade price stands at $36.32. Comparing this price to the 200-day moving average can provide valuable technical insights; you can learn more about this analysis technique.
Understanding ETF Trading Dynamics
Exchange-traded funds (ETFs) function similarly to stocks, with investors trading “units” instead of “shares.” These units can be exchanged like stocks but are also able to be created or destroyed based on investor demand. Each week, we track changes in shares outstanding to identify ETFs with significant inflows, indicating new units being created, or outflows, reflecting units being removed. Such flows can directly affect the individual stocks held within these ETFs.
Click here to discover which 9 other ETFs experienced notable inflows »
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
