Vanguard Information Technology ETF Sees $758.1 Million Inflow
In recent activity observed on ETF Channel, the Vanguard Information Technology ETF (Symbol: VGT) has experienced a noteworthy inflow of approximately $758.1 million. This marks a 1.0% week-over-week increase in outstanding units, rising from 139,262,144 to 140,606,972.
Current Performance of Key Holdings
Among the prominent components of VGT, notable movements include Analog Devices Inc (Symbol: ADI), which has declined by about 0.8%. Intel Corp (Symbol: INTC) has decreased approximately 1.6%, and Micron Technology Inc. (Symbol: MU) is also down by around 1.6% today. For further details about VGT’s complete holdings, please visit the VGT Holdings page.
Price Performance Overview
The chart below illustrates VGT’s one-year price performance compared to its 200-day moving average:
In examining the chart, VGT’s 52-week low is noted at $451 per share, whereas the 52-week high reached $648.76. The latest trading price stands at $558.89. Comparing this price to the 200-day moving average can provide insights via technical analysis.
Understanding ETF Trade Dynamics
Exchange-traded funds (ETFs) are traded similarly to stocks. However, investors are buying and selling units rather than shares. These units can be traded back and forth, and they may also be created or destroyed based on investor demand. We observe week-over-week changes in outstanding shares to identify ETFs with significant inflows (indicating new unit creation) or outflows (indicating unit destruction).
Creation of new units necessitates the purchase of the underlying holdings in the ETF, while the destruction involves selling off these components. Therefore, substantial inflows or outflows can influence the individual stocks held within ETFs.
Discover which other ETFs have had noteworthy inflows.
Related Information:
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The views and opinions expressed herein are solely those of the author and do not necessarily reflect those of Nasdaq, Inc.
