Significant Inflow Detected in iShares Russell Mid-Cap ETF
This week, the iShares Russell Mid-Cap ETF (Symbol: IWR) has reported an impressive inflow. Approximately $239.2 million flowed into the fund, indicating a 0.7% increase in outstanding units—from 450,100,000 to 453,150,000. In today’s trading, notable underlying assets such as Arthur J. Gallagher & Co. (Symbol: AJG) rose by about 0.6%, while Applovin Corp (Symbol: APP) saw a decline of approximately 8.5%. Meanwhile, AFLAC Inc (Symbol: AFL) remained relatively stable. For a complete overview of holdings, please visit the IWR Holdings page »
The chart below illustrates the one-year price performance of IWR in relation to its 200-day moving average:
According to the chart, IWR has recorded a 52-week low of $73.168 and a high of $96.005, with its last trade at $77.46. Comparing the current share price against the 200-day moving average can provide valuable insights into technical analysis—learn more about the 200-day moving average ».
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Exchange-traded funds (ETFs) function similarly to stocks; however, investors buy and sell “units” instead of shares. These units can easily be traded or adjusted based on investor demand. Each week, we monitor the week-over-week changes in shares outstanding to identify ETFs with significant inflows, indicating newly created units, or outflows, suggesting units destroyed. The creation of new units necessitates that the underlying holdings of the ETF be purchased, while the destruction implies selling those assets. Consequently, large inflow and outflow movements can also affect individual components within ETFs.
Click here to discover 9 other ETFs that experienced notable inflows »
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
