CGDV ETF Sees Significant Inflow: A Week of Growth
Notable Increases in Outstanding Units
In a recent analysis of exchange-traded funds (ETFs), the CGDV ETF (Symbol: CGDV) has made headlines. Notably, this ETF experienced an inflow of approximately $299.0 million, reflecting a week-over-week increase of 2.5% in outstanding units, from 321,000,000 to 329,100,000.
The chart below illustrates CGDV’s price performance over the past year in relation to its 200-day moving average:
According to the chart, CGDV’s lowest price over the past 52 weeks has been $27.865 per share, with a peak of $37.165. The latest trading price stands at $36.93. Examining the recent share price against the 200-day moving average serves as a valuable tool for technical analysis. For more details, consider exploring the significance of the 200-day moving average.
Exchange-traded funds (ETFs) function similarly to stocks, but instead of “shares,” investors trade “units.” These units can be exchanged like stocks and can also be created or destroyed based on investor demand. Each week, we analyze changes in outstanding units to identify ETFs with significant inflows (indicating new units created) or outflows (indicating old units destroyed). The creation of new units necessitates the purchase of the ETF’s underlying assets, while the elimination of units requires selling them. Thus, large flows can influence the specific components held within ETFs.
Click here to discover which 9 other ETFs had notable inflows »
Also see:
- Institutional Holders of MERC
- NUZE Options Chain
- Funds Holding LLSC
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
