Today, a week-over-week analysis of exchange-traded funds (ETFs) by ETF Channel reveals a significant upward trend in the iShares Core U.S. Aggregate Bond ETF (Symbol: AGG). The fund has experienced an inflow of approximately $613.3 million, translating to a 0.5% increase in outstanding units, which rose from 1,215,400,000 to 1,221,600,000.
The chart below illustrates AGG’s price performance over the past year in relation to its 200-day moving average:
As highlighted in the chart, AGG’s 52-week range shows a low of $94.85 per share and a high of $102.04, with the most recent trading price at $98.92. Comparing the latest share price with the 200-day moving average is a common technical analysis method that traders often utilize for their assessments.
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Exchange-traded funds (ETFs) function similarly to stocks; however, investors actually buy and sell “units” rather than “shares.” These units can be traded like stocks but can also be created or destroyed based on investor demand. Each week, we track changes in outstanding shares to identify notable inflows, which indicate the creation of new units, or outflows, which represent the destruction of old units. A significant influx requires purchasing the underlying assets within the ETF, while a large outflow entails selling those assets. Therefore, large financial movements can influence the individual components held within ETFs.
Click here to find out which 9 other ETFs had 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.
