IAI ETF Sees Significant Inflows: A Closer Look
In the latest data from ETF Channel, a remarkable shift has occurred with the iShares U.S. Broker-Dealers & Securities Exchanges ETF (Symbol: IAI). This ETF experienced an impressive inflow of approximately $199.7 million, marking an 11.2% rise in outstanding units, moving from 12,550,000 to 13,950,000 units this week. Key performances among its major holdings include Standard and Poor’s Global Inc (Symbol: SPGI), which is up around 1.5%, while CME Group (Symbol: CME) has dipped by about 1.2%. MSCI Inc (Symbol: MSCI), however, is showing strong gains with an approximate increase of 2.1%. For further details on each holding, check out the IAI Holdings page. »
The following chart illustrates IAI’s one-year price movement compared to its 200-day moving average:
IAI’s price performance over the past year reflects a lowest point of $102.97 per share and a highest point of $154.38. Currently, its last trade was recorded at $146.66. Analyzing the share price in relation to the 200-day moving average is often a recommended technique in technical analysis — learn more about the 200-day moving average.
Exchange-traded funds (ETFs) function similarly to stocks, but investors trade “units” instead of “shares.” These units can be created or destroyed based on market demand, allowing for efficient trading. Each week, we monitor changes in outstanding units to spot ETFs with notable inflows or outflows. When new units are created, the underlying assets must be purchased, whereas when units are destroyed, the corresponding assets are sold, potentially impacting the individual stocks held within the ETF.
Click here for the list of 9 other ETFs with significant inflows. »
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The views and opinions expressed herein are those of the author and may not necessarily reflect those of Nasdaq, Inc.
