iShares Core S&P 500 ETF Sees $2.2 Billion Inflow
In a noteworthy week for exchange-traded funds (ETFs), the iShares Core S&P 500 ETF (Symbol: IVV) has experienced a substantial inflow of approximately $2.2 billion. This influx results in a 0.4% increase in outstanding units, rising from 995 million to 999 million. Key underlying stocks driving this performance include Amazon.com Inc (Symbol: AMZN) with a 1% increase, Meta Platforms Inc (Symbol: META) climbing 1.3%, and Alphabet Inc (Symbol: GOOGL) advancing by 0.2%. For further details, visit the IVV Holdings page.
IVV 52-Week Performance and Technical Analysis
The chart below illustrates the one-year price performance of IVV relative to its 200-day moving average:
Looking at the chart, IVV’s 52-week low is $496.30 per share, while the 52-week high stands at $616.22, contrasting with the latest trade at $559.83. Analyzing the recent share price in relation to the 200-day moving average can provide valuable insights into market trends—learn more about the 200-day moving average.
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Exchange-traded funds (ETFs) operate similarly to stocks; however, investors deal in “units” instead of shares. These units can be traded just like stocks and can be created or eliminated in response to investor demand. We monitor the week-over-week changes in outstanding shares to identify ETFs that are seeing significant inflows or outflows. A rise in units necessitates the purchase of the ETF’s underlying holdings, while a decrease often leads to the sale of these assets. High transaction volumes can greatly influence the individual stocks held within these ETFs.
Click here to learn about 9 other ETFs with notable inflows »
Also see:
- Funds Holding WAG
- ECYT Insider Buying
- SPPP YTD Return
The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
