Today, a notable observation in the world of exchange-traded funds (ETFs) comes from the iShares Core S&P Mid-Cap ETF (Symbol: IJH). This ETF experienced an inflow of approximately $204.5 million, leading to a 0.2% increase in outstanding units — from 1,459,900,000 to 1,463,200,000.
Among IJH’s key holdings, several companies saw upticks today: EMCOR Group, Inc. (Symbol: EME) rose by about 1.1%, Lennox International Inc (Symbol: LII) gained around 0.4%, and Manhattan Associates, Inc. (Symbol: MANH) was up by about 0.9%. For a full list of these holdings, you can visit the IJH Holdings page.
Reflecting on IJH’s performance over the past year, its lowest share price was $46.298, while the highest reached $62.865, with the most recent trading price at $62.84. Evaluating the current share price against the 200-day moving average provides additional insights into market trends—more details about this analytical method can be found here.
ETFs operate similarly to stocks but involve the buying and selling of “units” rather than shares. These units allow for flexibility as they can be created or eliminated based on investor demand. Our monitoring each week focuses on the changes in shares outstanding to identify ETFs seeing significant inflows (indicating new units created) or outflows (indicating units destroyed). If new units are added, the ETF’s underlying assets need to be purchased; on the other hand, unit destruction requires selling some assets, which can influence individual stock performance within the ETF.
Discover other ETFs experiencing notable inflows here »
Additional Resources:
- Low Beta Stocks
- UONE Videos
- HHS Stock Predictions
The views expressed in this article are those of the author and do not necessarily reflect the opinions of Nasdaq, Inc.
