Investors Pull $4.2 Billion from iVE in a Week
Looking at recent data from ETF Channel, a noteworthy trend has emerged regarding the iShares S&P 500 Value ETF (Symbol: IVE). This week, the ETF experienced a substantial outflow of approximately $4.2 billion, marking a 10.6% decrease in shares outstanding, dropping from 204,000,000 to 182,400,000. Major holdings within IVE saw varying declines: Advanced Micro Devices Inc (Symbol: AMD) fell by 1.8%, Boeing Co. (Symbol: BA) decreased by 4.2%, and The Charles Schwab Corporation (Symbol: SCHW) was down about 1.7%. For a detailed list of IVE’s holdings, please visit the IVE Holdings page.
The chart below illustrates IVE’s price performance over the past year, compared to its 200-day moving average:
According to the chart, IVE’s price has fluctuated between a low of $170.13 and a high of $206.63 over the past year, with the latest trading price recorded at $189.68. Analyzing this price in relation to the 200-day moving average can provide valuable insights for investors — for more information, learn about the 200-day moving average.
Exchange traded funds (ETFs) are traded like stocks, where investors buy and sell “units” instead of “shares.” These units can be created or destroyed based on investor demand. Each week, changes in outstanding shares are monitored to identify ETFs experiencing notable inflows (new units created) or outflows (old units destroyed). When new units are created, the underlying assets of the ETF must be purchased, while the destruction of units involves selling these assets. Therefore, significant inflows or outflows can also impact the individual stocks held within these ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
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