Exploring Noteworthy Changes in ETFs
Delving into the weekly alterations in shares outstanding among the array of ETFs covered at ETF Channel, one standout contender emerges: the iShares Russell 1000 Growth ETF (IWF). Recent reports highlight an approximate $346.0 million dollar inflow, reflecting a 0.4% surge week over week in outstanding units. The number rose from 265,550,000 to 266,550,000 shares. Notably, within IWF’s largest underlying components, Alphabet Inc (GOOG) observed a 0.4% increase, whereas Tesla Inc (TSLA) saw a decrease of 1.7%, and Visa Inc (V) dipped by 0.8%.
Analyzing Performance Against Moving Averages
The chart below illustrates the one-year price performance of IWF compared to its 200-day moving average:
Reviewing the chart, IWF’s 52-week range fluctuated from a low of $256.01 per share to a high of $348.065. The latest trade settled at $346.84. A comparison of the current share price to the 200-day moving average can serve as a valuable technical analysis tool.
Understanding ETF Dynamics
Exchange-traded funds (ETFs) operate akin to stocks, albeit with the distinction that investors transact in ”units” rather than ”shares”. These ”units” are tradeable just like stocks, with the flexibility for creation or extinction based on investor demand. Weekly monitoring of changes in shares outstanding data aids in identifying ETFs witnessing significant inflows (creation of new units) or outflows (destruction of existing units). Noteworthy inflows necessitate the procurement of underlying holdings, while outflows involve the divestment of these assets, potentially influencing individual components housed within ETFs.
Discover the nine ETFs experiencing substantial inflows »
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