Significant Withdrawal Hits iShares Core S&P 500 ETF

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Significant Outflows from iShares Core S&P 500 ETF This Week

Examining the recent week-over-week changes in shares outstanding across various ETFs, the iShares Core S&P 500 ETF (Symbol: IVV) has notably experienced an outflow of approximately $10.8 billion. This figure represents a 2.0% decline in shares, dropping from 1,036,550,000 to 1,016,100,000.

In terms of its key holdings today, Broadcom Inc (Symbol: AVGO) has decreased by about 1.7%, while Costco Wholesale Corp (Symbol: COST) is up by approximately 1.2%. Meanwhile, Mastercard Inc (Symbol: MA) has seen a dip of about 0.4%. For additional details regarding IVV’s holdings, you can visit the IVV Holdings page.

The chart below illustrates the one-year price performance of IVV against its 200-day moving average:

iShares Core S&P 500 ETF 200 Day Moving Average Chart

According to the chart, IVV’s lowest point over the past 52 weeks is $484 per share, with a peak at $616.22. The latest trade for IVV stands at $528.64. Analyzing the current share price in relation to the 200-day moving average offers insight into market trends—learn more about this analysis here.

Exchange-traded funds (ETFs) function similarly to stocks, but investors trade “units” instead of shares. These units can be exchanged like stocks and can also be created or destroyed based on investor demand. Each week, we track changes in shares outstanding to identify ETFs with substantial inflows (indicating new units created) or outflows (indicating old units destroyed). The creation of new units necessitates purchasing the ETF’s underlying assets, while the destruction of units involves selling those assets. Consequently, significant cash flows can also influence the individual stocks within these ETFs.

Click here to discover which other 9 ETFs faced notable outflows this week »

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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.

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