Large Inflows Boost iShares Select Dividend ETF’s Outstanding Shares

Today, we analyze week-over-week changes in shares outstanding among various ETFs tracked by ETF Channel. A significant highlight is the iShares Select Dividend ETF (Symbol: DVY), which has experienced an inflow of approximately $2.4 billion. This represents a notable 12.0% increase in outstanding units, rising from 147,750,000 to 165,550,000 units.

Among the largest underlying holdings of DVY, International Paper Co (Symbol: IP) has risen by about 1.8%, Entergy Corp (Symbol: ETR) is up approximately 0.6%, and ONEOK Inc (Symbol: OKE) has gained about 2.4%. For a detailed overview of all holdings, please visit the DVY Holdings page.

Price Performance and Moving Average Analysis

The chart below illustrates DVY’s one-year price performance relative to its 200-day moving average:

Examining DVY’s price metrics, the ETF reached a low of $115.43 in its 52-week range, with a high of $144.09. The most recent trade occurred at $133.99. Analyzing the latest share price against the 200-day moving average can provide insights into market trends—learn more about the 200-day moving average.

Understanding ETF Trading Dynamics

Exchange-traded funds (ETFs) function similarly to stocks, though investors buy and sell “units” instead of “shares.” These units are actively traded but can also be created or destroyed based on investor demand. Each week, we monitor changes in shares outstanding to identify ETFs with significant inflows (indicating many new units created) or outflows (indicating many old units destroyed). The creation of new units typically requires the purchase of underlying stocks, whereas the destruction of units usually involves selling them, affecting the individual stocks within the ETF.

Click here to discover which nine other ETFs have seen notable inflows.

Also see:

• Stock Splits
• KEY Insider Buying
• Funds Holding CASC

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