iShares Expanded Tech-Software ETF Sees $582.8 Million Inflow

In an analysis of week-over-week changes in shares outstanding across various ETFs, the iShares Expanded Tech-Software Sector ETF (Symbol: IGV) has emerged as a notable performer. This week, IGV experienced an inflow of approximately $582.8 million, leading to a 5.7% increase in outstanding units, rising from 106,350,000 to 112,400,000.

Among the primary components within the IGV ETF, the following stock performances were observed today: Oracle Corp (Symbol: ORCL) decreased by about 0.9%, ServiceNow Inc (Symbol: NOW) increased by approximately 0.2%, and Palo Alto Networks, Inc (Symbol: PANW) saw a rise of about 1.3%. For a detailed breakdown of its holdings, visit the IGV Holdings page.

The chart below illustrates IGV’s price performance over the last year compared to its 200-day moving average:

Analyzing the chart reveals that IGV’s 52-week low stands at $75.96 per share, with a high of $110.84. The ETF’s latest trading price is $96.91. Comparing this price with the 200-day moving average can offer valuable insights for technical analysis; to learn more about this method, visit the 200-day moving average page.

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Exchange-traded funds (ETFs) operate similarly to stocks, but investors purchase and sell “units” rather than “shares.” These units can be traded like stocks, but they can also be created or eliminated to meet investor demand. Each week, we monitor the changes in shares outstanding to identify ETFs with significant inflows or outflows. An increase in units indicates that the underlying assets of the ETF need to be bought, while a decrease suggests that assets are being sold. Consequently, large flows can impact the individual components held within the ETF.

Click here to discover which 9 other ETFs experienced notable inflows »

Also see:

• AVIR shares outstanding history
• BTZ Videos
• VVUS YTD Return

The views and opinions expressed herein are solely those of the author and do not necessarily reflect those of Nasdaq, Inc.