ETF Units Increase by $299.3 Million, Reflecting Strong Investor Interest
This week, the iShares Core MSCI EAFE ETF (Symbol: IEFA) has stood out among exchange-traded funds (ETFs) with a remarkable inflow of approximately $299.3 million. This increase represents a 0.2% rise in outstanding units, bringing the total from 1,640,400,000 to 1,644,400,000. Notably, among IEFA’s major holdings, Sea Ltd (Symbol: SE) and Teva Pharmaceutical Industries Ltd (Symbol: TEVA) both declined by roughly 1.8%, while AerCap Holdings NV (Symbol: AER) experienced a slight increase of about 0.3%. You can find a complete list of the fund’s holdings on the IEFA Holdings page.
The chart below illustrates IEFA’s performance over the past year, comparing it to its 200-day moving average:
The ETF’s 52-week trading range showcases a low of $63.655 and a high of $78.825, with the last recorded price at $73.81. This comparison with the 200-day moving average serves as a technical analysis tool, providing insights into the fund’s price trend over time.
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Exchange-traded funds (ETFs) operate similarly to stocks, but investors are actually buying and selling “units.” These units can be created or destroyed to meet market demand. Each week, we track the changes in shares outstanding to identify which ETFs are experiencing significant inflows (more units created) or outflows (fewer units outstanding). The creation of new units necessitates purchasing the underlying assets of the ETF, while the destruction of units requires selling these assets. Hence, substantial fund flows can impact individual securities within the ETF as well.
Click here to find out which 9 other ETFs had notable inflows »
Also see:
- CEAD Split History
- ANIK Average Annual Return
- NJR Market Cap History
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
