iShares Russell 1000 Growth ETF Sees Notable Outflows This Week
Analysis of Recent ETF Trends
This week, a significant trend emerged in the ETF market, particularly concerning the iShares Russell 1000 Growth ETF (Symbol: IWF). The fund experienced an approximate outflow of $874.8 million, reflecting a 0.9% decrease in shares outstanding, dropping from 268,950,000 to 266,550,000.
Among IWF’s largest holdings, Oracle Corp (Symbol: ORCL) declined by about 0.2%, while Palantir Technologies Inc (Symbol: PLTR) decreased by approximately 0.8%. PepsiCo Inc (Symbol: PEP) also saw a minor drop of about 0.3%.
Price Performance and Technical Analysis
The chart below illustrates the one-year price performance of IWF alongside its 200-day moving average:
Over the past year, IWF reached a low of $308.67 and a high of $419.53, with its most recent trade price at $364.03. Comparing the share price to the 200-day moving average can provide insights for technical analysis.
The Dynamics of ETF Trading
Exchange-traded funds (ETFs) operate similarly to stocks, allowing investors to buy and sell “units.” These units can fluctuate based on investor demand, leading to the creation or destruction of shares. Our analysis focuses on week-over-week changes in shares outstanding to identify ETFs with notable inflows or outflows. When units are created, the underlying holdings must be purchased; conversely, when units are destroyed, those holdings are sold. Large movements in these funds can significantly affect their individual components.
Click here to discover which nine other ETFs experienced significant outflows.
Additional Insights:
- Funds Holding FSLF
- GPP YTD Return
- Institutional Holders of IHYF
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
