ETF Experiences $306.7 Million Inflow This Week
This week, the iShares 7-10 Year Treasury Bond ETF (Symbol: IEF) has made headlines with approximately $306.7 million flowing into the fund. This marks a 0.9% increase in the number of outstanding units, rising from 348,500,000 to 351,700,000.
The performance chart below illustrates IEF’s price movement over the past year in comparison to its 200-day moving average:
In analyzing the chart, IEF’s share price has fluctuated between a low of $88.855 and a high of $99.18 over the past 52 weeks. Currently, it trades at $95.97. Comparing this price to the 200-day moving average can provide valuable insights for investors seeking to understand market trends.
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Exchange Traded Funds (ETFs) operate similarly to stocks; however, investors are buying and selling “units” instead of traditional shares. These units can be created or destroyed based on investor demand. Each week, we track changes in shares outstanding to identify ETFs that experience notable inflows, which indicates the creation of new units, or outflows, where units are reduced. High inflows require buying the underlying assets of the ETF, while outflows necessitate selling these assets, ultimately influencing the individual stocks held in the fund.
Click here to discover which 9 other ETFs had significant inflows »
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- Construction Dividend Stock List
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The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
