iShares LQD ETF Sees $863.5 Million Inflow This Week
Today, we analyze week-over-week changes in shares outstanding among ETFs. A significant highlight is the iShares iBoxx $ Investment Grade Corporate Bond ETF (Symbol: LQD), which has experienced an inflow of approximately $863.5 million. This marks a 3.0% increase in outstanding units, rising from 270,700,000 to 278,900,000 units.
One-Year Price Performance of LQD
The chart below illustrates LQD’s one-year price performance in relation to its 200-day moving average:
Looking at this chart, we see that LQD’s 52-week low is $103.98 per share, while its 52-week high is $114.07. The last recorded trade was at $104.33. Analyzing the current share price against the 200-day moving average can be a useful technical analysis approach—more information on the 200-day moving average can be found here.
Understanding Shares and Units in ETFs
Exchange-traded funds (ETFs) operate similarly to stocks, but they involve “units” instead of “shares.” Investors buy and sell these units, which can be traded back and forth like stocks. However, units can also be created or destroyed to meet investor demand. Our weekly monitoring of shares outstanding helps identify ETFs experiencing significant inflows (creation of new units) or outflows (destruction of old units).
When new units are created, the ETF must purchase its underlying holdings, while the destruction of units requires selling these underlying assets. Therefore, large flows in ETFs can impact the performance of their individual components. Learn more about notable inflows and outflows here.
Click here to find out which 9 other ETFs had notable inflows »
See also:
- CPG YTD Return
- Institutional Holders of XMAR
- PINE Insider Buying
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
