ETF Shares Outstanding Changes
Delving into the weekly alterations in shares outstanding among ETFs tracked by ETF Channel, one standout performer is the Invesco S&P 500— Pure Value ETF (Symbol: RPV). This ETF observed an impressive $435.5 million inflow, marking a significant 26.7% surge in outstanding units from 19,260,000 to 24,400,000.
Underlying Components Performance
Noteworthy movements were witnessed among the major underlying components of RPV. In today’s trading session, General Motors Co (Symbol: GM) gained around 1.6%, while Ford Motor Co. (Symbol: F) saw an increase of about 1.8%. However, Viatris Inc (Symbol: VTRS) experienced a slight decline of approximately 0.1%.
Price Performance Comparison
Considering the one-year price performance of RPV against its 200-day moving average, RPV’s yearly low resides at $67.69 per share, with $85.37 marking the annual high point. The most recent trade stood at $85.15. Comparing the latest share price with the 200-day moving average also serves as a valuable technical analysis tool.
Insight into ETF Trading
ETFs, similar to stocks, trade via “units.” Investors trade these units like stocks, with the flexibility of creating or destroying them based on demand. Monitoring changes in shares outstanding weekly helps identify ETFs witnessing significant inflows (creation of new units) or outflows (destruction of old units). Notably, substantial flows can impact the underlying components held within ETFs.
Discover other ETFs with notable inflows »
For Further Reading:
Exploring Stock Splits
Insights into Funds Holding CYTO
Analyzing IFBD Year-to-Date Return
