In a noticeable shift in the ETF landscape, the iShares Russell 1000 ETF (Symbol: IWB) reported an impressive inflow of approximately $2.3 billion. This marks a week-over-week increase of 5.9% in outstanding units, rising from 119,900,000 to 126,950,000. On the trading front today, notable large-cap stocks within the IWB include Apple Inc (Symbol: AAPL), down about 0.1%, NVIDIA Corp (Symbol: NVDA), which is off approximately 1.2%, and Microsoft Corporation (Symbol: MSFT), down around 0.3%. For a detailed listing of IWB’s holdings, please visit the IWB Holdings page »
The chart below illustrates IWB’s price performance over the past year alongside its 200-day moving average:
As displayed in the chart, IWB hit a low of $257.07 per share over the past year, while the high reached $336.18. The most recent trading price stands at $329.83. Comparing this last price to the 200-day moving average provides an insightful technical analysis tool — learn more about the 200-day moving average ».
Exchange-traded funds (ETFs) function similarly to stocks; however, investors trade ‘units’ instead of shares. These units can be exchanged just like stocks and can also be created or destroyed based on investor demand. Each week, we track the changes in shares outstanding to identify ETFs experiencing significant inflows, suggesting many new units are being created, or outflows, indicating units are being removed. When new units are created, the underlying assets of the ETF must be purchased, while unit destruction involves selling off those holdings. Consequently, considerable inflows or outflows can greatly influence the value of the individual stocks within the ETFs.
Click here to find out which 9 other ETFs had notable inflows »
Also see:
- S&P 500 Components Hedge Funds Are Buying
- BMAQ Shares Outstanding History
- LXRX Historical Stock Prices
The views and opinions expressed herein are the opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
