iShares S&P 500 Growth ETF Sees Significant Week-Over-Week Outflows
Today, we observed notable changes in shares outstanding among ETFs monitored by ETF Channel, particularly with the iShares S&P 500 Growth ETF (Symbol: IVW). This fund experienced an outflow of approximately $641.5 million, representing a 1.3% decrease week-over-week, dropping from 551,850,000 shares to 544,800,000 shares.
In today’s trading, several significant components of IVW showed varied performance: Fiserv Inc (Symbol: FI) increased by about 0.7%, GE Vernova Inc (Symbol: GEV) rose approximately 1.1%, while Arista Networks Inc (Symbol: ANET) decreased by about 1%. For a complete list of holdings, please visit the IVW Holdings page.
The following chart illustrates the one-year price performance of IVW in comparison to its 200-day moving average:
As highlighted in the chart, IVW’s 52-week low stands at $79.07 per share, with a high of $107.1401. The latest trade price is $91.12. Analyzing the current share price in relation to the 200-day moving average provides valuable technical insights for investors; to learn more, please explore the 200-day moving average.
Exchange-traded funds (ETFs) function similarly to stocks, but instead of “shares,” investors are trading “units.” These units can be bought and sold like stocks, yet they can also be created or destroyed based on investor demand. Each week, we monitor the weekly changes in shares outstanding to identify ETFs with significant inflows, indicating new units created, or outflows, suggesting old units destroyed. The creation of units entails purchasing the underlying holdings, while the destruction of units requires selling them. Thus, large flows can influence the individual components held within ETFs.
Click here to find out which nine other ETFs have experienced significant outflows.
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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.
