ETFs Weekly Overview: A Closer Look at ITOT’s Performance and Trends
Recent data from ETF Channel highlights a notable shift in the iShares Core S&P Total U.S. Stock Market ETF (Symbol: ITOT), with approximately $70.5 million exiting the fund—marking a 0.1% decline from the previous week (from 492,700,000 to 492,150,000 shares outstanding). Key holdings including AbbVie Inc (Symbol: ABBV) and Netflix Inc (Symbol: NFLX) each fell by about 0.2%, while Accenture plc (Symbol: ACN) remained stable. For detailed information on its holdings, check out the ITOT Holdings page.
The provided chart illustrates ITOT’s performance over the past year in relation to its 200-day moving average:
ITOT’s 52-week trading range showcases a low of $89.73 per share and a high of $128.50, with its latest closing price at $127.98. Analyzing the current price against the 200-day moving average can provide insights for traders—discover more about the 200-day moving average.
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Exchange-traded funds (ETFs) function similarly to stocks, but investors trade “units” instead of shares. These units can be created or destroyed based on market demand. Our weekly analysis tracks the changes in units outstanding to identify ETFs with significant inflows or outflows. When new units are created, the ETF must purchase additional underlying holdings, whereas unit destruction results in the sale of these assets, which can affect individual components within the ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
Also see:
• Top Stocks Held By Carl Icahn
• EWK Historical Stock Prices
• Top Ten Hedge Funds Holding ROKU
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
