This week, the iShares Expanded Tech-Software Sector ETF (Symbol: IGV) experienced a significant outflow of approximately $359.1 million, marking a 3.5% decrease in shares outstanding, which fell from 99,300,000 to 95,850,000. Prominent stocks within the ETF include Cadence Design Systems Inc (Symbol: CDNS), which decreased by about 0.5%, Synopsys Inc (Symbol: SNPS), down about 0.6%, and Applovin Corp (Symbol: APP), which rose by about 0.5%. For a comprehensive list of holdings, please visit the IGV Holdings page »
The chart below illustrates the price performance of IGV over the past year, compared to its 200-day moving average:
According to the chart, IGV has a 52-week low of $75.96 per share and a high of $110.84, with the last trade recorded at $103.82. Evaluating the current share price against the 200-day moving average can provide valuable insights into market trends — learn more about the 200-day moving average ».
Exchange-traded funds (ETFs) function similarly to stocks. However, instead of “shares,” investors essentially buy and sell “units.” These units can be traded like stocks but can also be created or destroyed based on investor demand. Each week, we analyze changes in shares outstanding to identify ETFs with notable inflows (indicating the creation of new units) or outflows (indicating the destruction of old units). The creation of new units typically requires purchasing the underlying holdings of the ETF, while the destruction involves selling those holdings. Thus, large flows can impact the individual components held within ETFs.
To find out which 9 other ETFs experienced notable outflows, click here »
Additional Resources:
- Stock Split History
- NUEM Videos
- SDD Shares Outstanding History
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
