Vanguard Information Technology ETF Sees Significant Inflow Amid Market Fluctuations
Substantial Inflows Highlight VGT’s Strong Demand
This week, noteworthy changes in ETF shares have emerged, particularly with the Vanguard Information Technology ETF (Symbol: VGT). An inflow of approximately $1.4 billion has been detected, representing a 1.6% week-over-week increase in outstanding units. The total outstanding units rose from 134,299,290 to 136,464,043. Among key components of VGT, Arista Networks Inc (Symbol: ANET) experienced a decline of about 1.5%, Micron Technology Inc. (Symbol: MU) saw a rise of approximately 5.8%, and Lam Research Corp (Symbol: LRCX) increased by roughly 1.1%. For a full list of holdings, visit the VGT Holdings page »
Performance Analysis: VGT’s Price Movement Over the Year
The chart above illustrates the one-year price performance of VGT compared to its 200-day moving average. The ETF’s 52-week low sits at $464.2101 per share, while the 52-week high reached $648.66. The last trade for VGT was at $636.40, showing its current position in relation to these values. Evaluating the recent share price against the 200-day moving average can provide useful insights for investors — learn more about the 200-day moving average »
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Exchange-traded funds (ETFs) operate similarly to stocks. However, instead of “shares,” investors trade “units.” These units can be exchanged like stocks but can also be created or destroyed to respond to market demand. Weekly changes in outstanding shares are monitored to identify ETFs with significant inflows or outflows. The creation of new units necessitates purchasing underlying holdings, whereas the destruction of units involves selling those holdings, impacting the individual components of 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 the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
