Vanguard Materials ETF Sees $176.7 Million Outflow This Week

In a recent analysis of week-over-week changes in shares outstanding among ETFs tracked by ETF Channel, the Vanguard Materials ETF (Symbol: VAW) has emerged as a notable contender. This fund experienced an outflow of approximately $176.7 million, marking a 6.8% decrease from 14,018,512 to 13,058,635 shares week over week.

Current Holdings Performance

Among the prominent components of the VAW, today’s trading shows some notable movements: CRH plc (Symbol: CRH) has increased by about 2.2%, Freeport-McMoRan Copper & Gold (Symbol: FCX) rose by approximately 0.7%, and DuPont (Symbol: DD) is up by 2.1%. For a comprehensive overview of the ETF’s holdings, please visit the VAW Holdings page.

Price Performance Overview

The chart below illustrates the one-year price performance of VAW in relation to its 200-day moving average:

Notably, VAW’s lowest price in the past 52 weeks stood at $161.43 per share, while the highest reached $215.82. The last trade price was $185.68. Comparing the current share price against the 200-day moving average can provide valuable insights for technical analysis.

Understanding ETF Trading Dynamics

Exchange-Traded Funds (ETFs) operate similarly to stocks. However, instead of “shares,” investors are buying and selling “units.” These units can be traded freely, and importantly, they can also be created or destroyed in response to investor demand. Each week, we monitor shifts in outstanding shares to identify ETFs with significant inflows (new unit creation) or outflows (unit destruction). Notably, creating new units requires the underlying assets of the ETF to be purchased, while unit destruction necessitates selling these assets. Therefore, significant flows can impact the individual components held within ETFs.

For further analysis, click here to discover which nine other ETFs observed notable outflows this week.

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