Tracking Inflows and Price Performance
Examining the recent data on the iShares S&P 500 Growth ETF (Symbol: IVW) reveals a noteworthy influx of approximately $277.7 million. This represents a 0.5% surge in outstanding units from 567,350,000 to 570,450,000 over the week. Among the primary components of IVW, Alphabet Inc (Symbol: GOOG) experienced a decline of around 3.1%, Visa Inc (Symbol: V) dipped by 0.3%, and Netflix Inc (Symbol: NFLX) saw a decrease of about 2%.
The one-year price performance chart of IVW compared to its 200-day moving average indicates interesting trends as shown below:
Reviewing the chart, IVW’s 52-week range oscillates between a low of $65.5315 per share and a high of $97.2192. The latest trading was recorded at $87.22. Comparing the recent share price with the 200-day moving average can provide valuable insights for technical analysis strategies.
Insights into ETF Movements
Exchange-traded funds (ETFs) operate akin to stocks, with investors trading units instead of shares. These units mimic stock transactions, allowing for creation or destruction based on investor activities. Monitoring weekly changes in outstanding shares can shed light on ETFs witnessing significant inflows or outflows. Notable inflows entail the creation of new units, necessitating the purchase of underlying holdings, while outflows involve selling these holdings, impacting individual components within the ETF.
Explore other ETFs with substantial inflows »
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