Strong week for IGV: A $573.9 million increase in units signals investor confidence.
This week, the iShares Expanded Tech-Software Sector ETF (Symbol: IGV) experienced a remarkable inflow of approximately $573.9 million. This inflow represents a 5.8% rise in the ETF’s outstanding units, increasing from 96,100,000 to 101,700,000. Key components within IGV include Oracle Corp (Symbol: ORCL) with a slight decline of about 0.6%, CrowdStrike Holdings Inc (Symbol: CRWD), which is up about 0.6%, and Cadence Design Systems Inc (Symbol: CDNS), down by 0.6%. For further details, visit the IGV Holdings page »
The chart below illustrates the one-year price performance of IGV in relation to its 200-day moving average:
According to the data, IGV’s 52-week low is $75.96 per share, while its 52-week high is $110.84. The most recent trade price registered at $104.10. Analyzing the most current share price against the 200-day moving average can provide valuable insights—learn more about the 200-day moving average »
Exchange-traded funds (ETFs) operate similarly to stocks, although investors trade ”units” instead of ”shares” in these funds. These units can be exchanged like stocks and can also be created or dissolved based on market demand. Each week, we examine the changes in shares outstanding to identify ETFs experiencing significant inflows (indicating the creation of new units) or outflows (indicating the destruction of old units). The creation of new units necessitates purchasing the underlying assets, while unit destruction means selling those assets, which can influence the individual stocks held in the ETFs as well.
Click here to discover which other 9 ETFs garnered notable inflows »
Also see:
- MEI YTD Return
- CNXM shares outstanding history
- Funds Holding QRE
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
