Week-Over-Week Changes Show a $128.1 Million Decrease
This week, the iShares MSCI USA Min Vol Factor ETF (Symbol: USMV) reported a notable outflow of approximately $128.1 million, marking a decline of 0.5% in shares outstanding from 264,100,000 to 262,700,000. Among USMV’s major holdings, Motorola Solutions Inc (Symbol: MSI) dipped about 1.1%, while Progressive Corp. (Symbol: PGR) also decreased by 1.1%. Similarly, Republic Services Inc (Symbol: RSG) fell by about 0.7%. For a full list of holdings, visit the USMV Holdings page »
The chart below illustrates USMV’s price performance over the past year compared to its 200-day moving average:
In this chart, USMV reached a 52-week low of $74.50 per share and a high of $93.94. Currently, the last trade was recorded at $90.99. Analyzing the most recent share price against the 200-day moving average can provide valuable insights for investors—learn more about the 200-day moving average »
Exchange-traded funds (ETFs) function similarly to stocks but involve trading “units” instead of “shares”. These units can be traded like stocks, with the added flexibility of being created or destroyed based on investor demand. Our weekly analysis tracks changes in shares outstanding, which allows us to identify ETFs facing significant inflows (indicating new units created) or outflows (suggesting existing units destroyed). When new units are created, the ETF must purchase underlying holdings. Conversely, when units are removed, those holdings are sold, potentially affecting individual components within the ETFs.
Click here to discover which 9 other ETFs experienced notable outflows »
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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.
