In the latest analysis from ETF Channel, the iShares Core S&P U.S. Growth ETF (Symbol: IUSG) experienced a significant outflow, totaling approximately $110.6 million. This represents a 0.5% decrease in shares outstanding, dropping from 152,000,000 to 151,200,000 over the past week. Key stocks contributing to IUSG’s performance today include International Business Machines Corp (Symbol: IBM), up 1.4%, American Express Co. (Symbol: AXP), up 3.4%, and Eaton Corp plc (Symbol: ETN), higher by 1.4%. For detailed holdings, visit the IUSG Holdings page »
Yearly Performance Insights of IUSG
The chart below illustrates the year-long price journey of the IUSG compared to its 200-day moving average:
IUSG has seen a 52-week price range with a low of $103.25 per share and a high of $145.11. As of the last trade, the price stands at $140.96. Examining the current share price in relation to the 200-day moving average can offer valuable technical insights. To learn more about this analysis tool, check out information on the 200-day moving average ».
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Exchange traded funds (ETFs) function similarly to stocks. However, when trading, investors buy and sell “units” instead of shares. These units can be traded like stocks but can also be created or destroyed based on market demand. Each week, we track the changes in shares outstanding to identify ETFs with significant inflows or outflows. The creation of new units necessitates purchasing underlying holdings, while the destruction of units involves selling these components, thus impacting individual stocks held within the ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
