Noteworthy Market Activity
This week, the iShares MSCI USA Momentum Factor ETF (Symbol: MTUM) stood out with an impressive inflow of approximately $156.5 million. This influx represents a 1.5% increase in outstanding units, rising from 49,850,000 to 50,600,000. Today, some of the ETF’s major holdings include Walmart Inc (Symbol: WMT), which is down by about 0.4%, General Electric Co (Symbol: GE), which has risen about 1%, and Coca-Cola Co (Symbol: KO), which is lower by about 0.5%. To view the complete list of holdings, visit the MTUM Holdings page.
Performance Insights
The chart below illustrates MTUM’s price performance over the past year in relation to its 200-day moving average:
Analyzing the chart, MTUM’s 52-week low is noted at $134.915 per share, while its peak stands at $210.34. Currently, the ETF’s last trading price is $209.60. This comparison with the 200-day moving average is often utilized in technical analysis and can provide valuable insights into market trends.
Understanding ETF Flows
Exchange-traded funds (ETFs) function similarly to stocks; however, instead of trading “shares,” investors actually buy and sell “units.” These units can be freely exchanged, created, or destroyed based on market demand. Each week, we track the changes in shares outstanding to identify ETFs experiencing significant inflows or outflows. The creation of new units indicates that the underlying holdings of the ETF must be purchased, while the destruction of units signals a need to sell those holdings. Such dynamic movements can significantly affect individual components within the ETFs.
Click here to find out which 9 other ETFs had notable inflows »
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The views and opinions expressed herein are solely those of the author and do not necessarily represent those of Nasdaq, Inc.
