ETF Tracking Notable Changes in Outstanding Units
This week, a highlight among ETFs is the iShares Core S&P Mid-Cap ETF (Symbol: IJH) which has experienced an inflow of approximately $217.5 million. This represents a 0.2% increase in outstanding units, rising from 1,517,300,000 to 1,520,800,000 units.
Today, several of IJH’s major components are on the rise: Williams Sonoma Inc (Symbol: WSM) has gained about 1.2%, Illumina Inc (Symbol: ILMN) has increased by around 0.8%, and EMCOR Group, Inc. (Symbol: EME) has risen by approximately 1.9%. To explore all holdings, please visit the IJH Holdings page.
Analyzing IJH’s Price Performance
The chart below illustrates IJH’s performance over the past year compared to its 200-day moving average:
IJH’s 52-week trading range has reached a low of $53.296 per share, with a high of $68.33. In contrast, the most recent trade was recorded at $62.54. This proximity to the 200-day moving average may serve as a strategy for investors conducting technical analysis.
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Exchange traded funds (ETFs) function similarly to stocks, but instead of “shares,” investors trade “units.” These units can be transferred like stocks and can also be created or destroyed based on demand. Each week, we observe changes in shares outstanding, looking for ETFs with significant inflows or outflows. Creating new units necessitates the purchase of underlying assets, while the destruction of units requires selling these assets. Consequently, large inflows or outflows can affect the individual stocks that make up the ETF.
Click here to find out which 9 other ETFs had notable inflows »
Also see:
- BBVA Videos
- Funds Holding ARAV
- IMCV shares outstanding history
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
