iShares Russell 1000 Growth ETF Sees Notable Inflows This Week

In the latest analysis of week-over-week changes in shares outstanding among the ETFs tracked by ETF Channel, the iShares Russell 1000 Growth ETF (Symbol: IWF) stands out significantly. The ETF witnessed an approximate inflow of $551.9 million, resulting in a 0.6% week-over-week increase in outstanding units, rising from 260,550,000 to 262,050,000. Among IWF’s largest underlying components, Palo Alto Networks, Inc (Symbol: PANW) experienced a decrease of about 1.3%, Blackstone Inc (Symbol: BX) fell by approximately 1.6%, while Lam Research Corp (Symbol: LRCX) saw a modest increase of around 0.5%. For a comprehensive overview of holdings, visit the IWF Holdings page. 

The chart below illustrates the one-year price performance of IWF in relation to its 200-day moving average:

Analyzing the chart, we note that IWF’s lowest price in its 52-week range is $315.24 per share, while its highest price is $419.5263. The last trade recorded was $365.75. Analyzing this current share price compared to the 200-day moving average can serve as a valuable technical analysis tool, providing insights into potential price trends.

Exchange-traded funds (ETFs) operate similarly to stocks; however, investors are actually buying and selling “units” rather than shares. These units can be traded as stocks but can also be created or destroyed to meet investor demand. Each week, we monitor the changes in changes in shares outstanding data to identify ETFs that are experiencing significant inflows or outflows. The creation of new units requires the purchase of the underlying holdings, while unit destruction entails selling underlying assets. Thus, large inflow and outflow volumes can also impact the individual securities held within the ETFs.

Click here to discover which 9 other ETFs had notable inflows.

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The views and opinions expressed herein are of the author’s own and do not necessarily reflect those of Nasdaq, Inc.