iShares Russell 1000 Value ETF Sees Significant Inflows This Week

This week, the iShares Russell 1000 Value ETF (Symbol: IWD) has shown a remarkable change in its shares outstanding. ETF Channel reports an inflow of approximately $667.9 million, driving a 1.2% increase in the number of outstanding units, which rose from 329,600,000 to 333,400,000.

Performance of Key Holdings

Among IWD’s largest components, today’s trading reveals that JPMorgan Chase & Co (Symbol: JPM) is up about 0.9%, Walmart Inc (Symbol: WMT) has increased by approximately 1.3%, and Johnson & Johnson (Symbol: JNJ) has risen by about 1.9%. For a full list of holdings, visit the IWD Holdings page.

Price Movement and Technical Analysis

The chart below illustrates the one-year price performance of IWD alongside its 200-day moving average:

IWD’s 52-week low is $163.19 per share, while the high reached $200.42. The most recent trade price stands at $176.10. Evaluating the current share price against the 200-day moving average can provide insights into potential trading opportunities—learn more about the 200-day moving average.

Understanding ETF Trading Dynamics

Exchange-traded funds (ETFs) function similarly to stocks, where investors trade ”units” rather than ”shares.” These units can be bought and sold like stocks, but they can also be created or eliminated to meet investor demand. Each week, we analyze the week-over-week changes in shares outstanding to identify ETFs with significant inflows (indicating the creation of new units) or outflows (indicating the redemption of existing units). New unit creation implies that the underlying holdings must be acquired, while unit destruction necessitates the sale of underlying assets, potentially impacting the individual securities within the ETFs.

Click here to discover which 9 other ETFs experienced notable inflows.

Also see:

• Specialty Retail Dividend Stocks
• Institutional Holders of KROS
• Institutional Holders of CNXR

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