Unveiling ETF Inflows: IWF, GOOG, TSLA, V
Looking at week-over-week shares outstanding changes among the universe of ETFs, one standout is the iShares Russell 1000 Growth ETF (Symbol: IWF) with an approximate $346.0 million inflow, signifying a 0.4% increase in outstanding units. Among IWF’s largest underlying components, we see Alphabet Inc (Symbol: GOOG) showing a 0.4% increase, Tesla Inc (Symbol: TSLA) a 1.7% decrease, and Visa Inc (Symbol: V) down by about 0.8%.
Week-over-Week Change in Shares Outstanding
The chart below displays the one-year price performance of IWF compared to its 200-day moving average:
Examining the chart reveals IWF’s 52-week low at $256.01 per share, with the high at $348.065. This is in comparison to the last trade at $346.84. Assessing the current share price against the 200-day moving average can serve as a valuable technical analysis method.
ETFs: A Unique Trading Arena
Exchange-traded funds (ETFs) operate akin to stocks, where investors trade “units” instead of shares. These “units” can be bought and sold, and even created or destroyed to meet investor demands. Monitoring the week-over-week change in shares outstanding data allows us to identify notable inflows or outflows in ETFs. Large inflows signify the creation of new units, necessitating the purchase of underlying holdings. Conversely, outflows involve selling holdings, thereby impacting the individual components within ETFs.
Click here to discover other ETFs with significant inflows.
Additional Resources:
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