Week-Over-Week ETF Inflows Highlight iShares Core MSCI EAFE ETF
Today, we examine significant changes in shares outstanding among ETFs, specifically the iShares Core MSCI EAFE ETF (Symbol: IEFA). This ETF has experienced an inflow of approximately $176.1 million, resulting in a week-over-week increase of 0.1% in outstanding units, rising from 1,688,000,000 to 1,690,400,000. The ETF’s performance is noteworthy, especially considering its underlying components. Currently, Spotify Technology SA (Symbol: SPOT) is up about 1.4%, Sea Ltd (Symbol: SE) has increased by 3%, while Teva Pharmaceutical Industries Ltd (Symbol: TEVA) has edged down by 0.5%. For a full list of holdings, visit the IEFA Holdings page.
The chart below illustrates the one-year price performance of IEFA alongside its 200-day moving average:
An analysis of the chart indicates that IEFA’s 52-week low is $66.95 per share, with a high of $78.9464. The most recent trade was recorded at $74.21. Comparing the current share price to the 200-day moving average provides valuable insights for technical analysis. To learn more about the 200-day moving average, click here.
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Exchange traded funds (ETFs) operate similarly to stocks, using the term “units” instead of “shares.” These units can be traded like stocks and can also be created or destroyed based on investor demand. Each week, we monitor changes in shares outstanding to identify ETFs with significant inflows or outflows. The creation of new units requires purchasing the ETF’s underlying holdings, whereas the destruction of units entails selling those holdings. Consequently, large inflows or outflows can impact individual components within ETFs.
Click here to learn about 9 other ETFs with notable inflows »
See also:
- CDXC Videos
- BSTG Historical Stock Prices
- WLTW YTD Return
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
