ETF Experiences $1.6 Billion Boost in Units Outstanding
In a notable movement within the ETF market, the iShares Core MSCI EAFE ETF (Symbol: IEFA) has attracted an inflow of approximately $1.6 billion. This inflow represents a 1.4% increase in outstanding units, rising from 1,653,400,000 to 1,676,000,000 units since last week. Key holdings in IEFA include Teva Pharmaceutical Industries Ltd (Symbol: TEVA), which is down about 0.3%, AerCap Holdings NV (Symbol: AER), which gained about 1.6%, and Coca-Cola Europacific Partners plc (Symbol: CCEP), which declined by approximately 0.3%. For further details, visit the IEFA Holdings page.
The chart below illustrates the one-year price performance of IEFA alongside its 200-day moving average:
IEFA’s price performance shows a low of $67.635 per share and a high of $78.825 within the past 52 weeks. Currently, the ETF’s last trade registered at $70.13. Analyzing the correlation between the recent share price and the 200-day moving average may provide valuable insights for investors interested in technical analysis.
Exchange-Traded Funds (ETFs) operate similarly to stocks, but investors buy and sell “units” instead of “shares.” These units can be traded back and forth or created and destroyed to meet investor demand. Each week, we monitor changes in the number of units outstanding to identify ETFs experiencing significant inflows or outflows. The creation of new units demands the purchase of underlying assets, while the destruction of units entails selling those assets, affecting the specific components held within the ETFs.
Click here to find out which 9 other ETFs had notable inflows »
Also see:
- CME Group shares outstanding history
- AWR Options Chain
- MICT YTD Return
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
