iShares Expanded Tech-Software Sector ETF Sees Significant Inflows
Strong Performance from Salesforce, Oracle, and ServiceNow
In the latest updates from ETF Channel, the iShares Expanded Tech-Software Sector ETF (Symbol: IGV) stands out due to an estimated inflow of $163.6 million. This marks a 1.8% increase in outstanding units week-over-week, rising from 93,500,000 to 95,150,000. Among its key holdings, Salesforce Inc (Symbol: CRM) has seen a slight uptick of about 0.3%, Oracle Corp (Symbol: ORCL) is up approximately 1.1%, and ServiceNow Inc (Symbol: NOW) has increased by about 0.2%. For a detailed list of its holdings, check the IGV Holdings page.
The chart below illustrates IGV’s price performance over the past year compared to its 200-day moving average:
According to the chart, IGV’s 52-week low is $75.96, while the 52-week high reaches $110.84. Currently, the ETF is trading at $99.61. Comparing the latest share price to the 200-day moving average offers further insights for technical analysis.
Exchange traded funds (ETFs) function much like stocks, but investors buy and sell “units” instead of “shares.” These units can be traded similarly to stocks, but they can also be created or destroyed based on investor demand. Each week, we track fluctuations in the number of shares outstanding to identify ETFs that experience significant inflows or outflows. The creation of new units requires purchasing underlying holdings, while the destruction of units necessitates selling them, which can influence the performance of individual components within the ETFs.
Click here to find out which 9 other ETFs had notable inflows »
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