In an exciting development in the world of exchange-traded funds (ETFs), the iShares MSCI USA Momentum Factor ETF (Symbol: MTUM) has seen a notable inflow of approximately $465.5 million. This represents a 3.6% rise in the number of outstanding units, increasing from 60,500,000 to 62,700,000 in just one week. Additionally, today’s trading figures showed that significant components of MTUM, including Walmart Inc (Symbol: WMT), General Electric Co (Symbol: GE), and RTX Corp (Symbol: RTX), have experienced gains of about 0.9%, 1.4%, and 1.2%, respectively. To explore the full list of holdings, check out the MTUM Holdings page »
The chart below illustrates the one-year price performance of MTUM alongside its 200-day moving average:
According to the chart, the lowest point of MTUM’s price in the past year was $147.3056 per share, while its highest was $214.89. Currently, it trades at $212.29. Analyzing the recent share price in relation to the 200-day moving average can offer insightful technical analysis — learn more about the 200-day moving average ».
ETFs operate similarly to stocks; however, investors are buying and selling ”units” instead of ”shares”. These units can fluctuate based on investor interest and can either be created or destroyed to meet demand. Each week, we monitor changes in outstanding shares to identify ETFs with significant inflows (more units created) or outflows (more units destroyed). Creating new units requires purchasing the underlying assets of the ETF, whereas destroying units means selling these assets, making substantial flows impactful on individual holdings within ETFs.
Click here to discover which 9 other ETFs experienced notable inflows »
Also see:
- Top Ten Hedge Funds Holding PCRB
- AEYE YTD Return
- ETFs Holding TACO
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
