Westover Performance Highlights Week-Over-Week Changes
Looking at the iShares Gold Trust (Symbol: IAU), recent data shows a noteworthy inflow of approximately $200.0 million. This represents a 0.6% increase in shares outstanding from 639,600,000 to 643,500,000 in just one week.
Over the past year, IAU has demonstrated a price range with a low of $36.57 per share and a high of $51.92. Its latest trading price stands at $51.47, closely tracking the 200-day moving average, which can be an effective analytical tool in evaluating performance.
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Investors deal with exchange-traded funds (ETFs) similarly to stocks, but they exchange “units” rather than “shares.” These units can be bought and sold like stocks. Additionally, they can be created or destroyed based on investor demand. Each week, we look at the changes in shares outstanding to identify ETFs with significant inflows (when new units are created) or outflows (when old units are removed). Notably, the creation of new units necessitates the purchase of underlying assets in the ETF, while the destruction of units leads to those assets being sold. Hence, large flows can influence the individual components of these ETFs.
Click here to find out which 9 other ETFs had notable inflows »
Also see:
- Ray Dalio Stock Picks
- Institutional Holders of MFUT
- US Bancorp 13F Filers
The views and opinions expressed herein are those of the author and do not necessarily reflect the opinions of Nasdaq, Inc.
