Vanguard Russell 1000 Growth ETF Sees $339 Million Surge in Inflows
Significant Changes in ETF Units Reflect Market Activity
Examining recent changes in shares outstanding among ETFs, the Vanguard Russell 1000 Growth ETF (Symbol: VONG) stands out this week. The fund has experienced an inflow of approximately $339.1 million, translating to a week-over-week increase of 1.4% in outstanding units—from 233,031,844 to 236,406,844. Notably, within VONG’s main holdings, Tesla Inc (Symbol: TSLA) gained around 2.3%, Eli Lilly (Symbol: LLY) rose by about 0.9%, and Costco Wholesale Corp (Symbol: COST) climbed approximately 1.2%. For those interested in a full list of VONG’s holdings, visit the VONG Holdings page.
The chart below illustrates VONG’s one-year price performance alongside its 200-day moving average:
From the chart, VONG’s 52-week low is $71.05 per share, while its 52-week high reaches $101.71. The last recorded trade stands at $101.65. Understanding the relationship between the most recent share price and the 200-day moving average can provide useful insights for technical analysis—learn more about the 200-day moving average here.
Exchange-traded funds (ETFs) function similarly to stocks; however, investors purchase and sell ”units” instead of ”shares.” These units can be traded like stocks but can also be created or destroyed in response to investor demand. Each week, we analyze the week-over-week changes in shares outstanding to identify ETFs experiencing significant inflows (indicating new units created) or outflows (denoting old units destroyed). The creation of new units necessitates the purchase of underlying holdings, while the destruction of units means selling those holdings, which can significantly affect the individual components within the ETFs.
Click here to discover which other 9 ETFs had notable inflows »
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The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
