T. Rowe Price QM U.S. Bond ETF Sees Significant Inflow and Growth
Examining recent changes in the number of shares outstanding among ETFs, the T. Rowe Price QM U.S. Bond ETF (Symbol: TAGG) stands out. This fund experienced a substantial inflow of approximately $235.8 million, marking a 22.5% increase in outstanding units from 24,650,000 to 30,200,000 over the past week.
The chart below illustrates TAGG’s one-year price performance compared to its 200-day moving average:
According to the chart, TAGG’s 52-week low is $40.95 per share, while its 52-week high reaches $44.66. The most recent closing price was $42.39, which suggests an analysis of the current price against the 200-day moving average can provide valuable insights. For further information on this technical analysis method, check out the details on the 200-day moving average here.
Exchange-traded funds (ETFs) function similarly to stocks, but instead of buying “shares,” investors trade “units.” These units can be exchanged like stocks and can also be created or destroyed to meet market demand. Each week, we analyze the week-over-week changes in share counts to identify ETFs that are experiencing notable inflows or outflows. The creation of new units necessitates purchasing the underlying assets of the ETF, while the destruction of units requires selling these holdings, which can significantly influence the individual components of the ETFs.
Click here to discover which nine other ETFs experienced notable inflows »
For more insights, see also:
- Top Stocks Held By Joel Greenblatt
- Top Ten Hedge Funds Holding XCO
- IKNA Videos
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
