ETF Overview: A Closer Look at Recent Changes
Looking at the latest data from ETF Channel, the iShares Russell 1000 ETF (Symbol: IWB) stands out this week with a significant inflow of approximately $194.3 million. This translates to a 0.5% increase in outstanding units, rising from 118,250,000 to 118,850,000. In terms of major components within IWB, Intuitive Surgical Inc (Symbol: ISRG) is down about 0.4%, Walt Disney Co. (Symbol: DIS) is down 1.5%, and Qualcomm Inc (Symbol: QCOM) has fallen by about 0.3%. To view the complete list of IWB’s holdings, visit the IWB Holdings page.
Price Performance and Technical Analysis
The chart above illustrates IWB’s performance over the past year alongside its 200-day moving average. IWB reached a low of $246.97 per share and hit a high of $330.43 in the last 52 weeks, with its most recent trade at $322.84. Evaluating the current share price against the 200-day moving average can provide valuable insights into market trends.
Exchange-traded funds (ETFs) operate similarly to stocks; however, when investors buy and sell, they are actually trading “units” rather than shares. These units can be created or destroyed based on investor demand. Each week, we track changes in shares outstanding to identify ETFs experiencing substantial inflows, indicating new units being created, or outflows, which indicate existing units being removed. Such fluctuations can affect the underlying assets within these ETFs as new units require additional purchases while the destruction of units necessitates selling existing holdings.
Click here to find out which 9 other ETFs had notable inflows »
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
