Noteworthy Inflows Indicate Rising Investor Interest
This week, the iShares Expanded Tech-Software Sector ETF (Symbol: IGV) experienced a remarkable influx of capital, attracting approximately $467.7 million. This figure represents a 4.4% increase in outstanding units, climbing from 96,650,000 to 100,900,000. In today’s trading, key components of IGV showed varied performance: Microsoft Corporation (Symbol: MSFT) rose by about 0.1%, Palantir Technologies Inc (Symbol: PLTR) increased by 0.2%, while Palo Alto Networks, Inc (Symbol: PANW) saw a decline of approximately 2.5%. For more detailed information on its holdings, check the IGV Holdings page.
The chart below illustrates IGV’s one-year price performance alongside its 200-day moving average:
Examining the chart, IGV has a 52-week low of $75.96 per share and a high of $110.84. It closed recently at $108.73. Evaluating the current price in relation to its 200-day moving average offers a useful method for technical analysis. To explore more about this average, click here.
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ETFs, or exchange-traded funds, operate similarly to stocks, though investors are essentially trading “units.” These units can be bought and sold like stocks, but they can also be created or eliminated based on investor interest. Each week, we analyze the changes in shares outstanding to identify ETFs with significant inflows, which may indicate buying pressure, or outflows, suggesting selling activity. The creation of new units typically necessitates purchasing the ETF’s underlying assets, while the destruction of units may involve selling those assets, impacting individual stocks held by the ETF.
Click here to find out which 9 other ETFs had notable inflows »
Also see:
- UNTY Dividend History
- SUP Options Chain
- Institutional Holders of SYUT
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
