Noteworthy ETF Inflows: IVV, AMZN, META, GOOGL

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P 500 ETF (Symbol: IVV) where we have detected an approximate $2.6 billion dollar inflow — that’s a 0.5% increase week over week in outstanding units (from 939,150,000 to 943,500,000). Among the largest underlying components of IVV, in trading today Amazon.com Inc (Symbol: AMZN) is up about 1.7%, Meta Platforms Inc (Symbol: META) is up about 2.7%, and Alphabet Inc (Symbol: GOOGL) is up by about 1%. For a complete list of holdings, visit the IVV Holdings page »

The chart below shows the one year price performance of IVV, versus its 200 day moving average:

iShares Core S&P 500 ETF 200 Day Moving Average Chart

Looking at the chart above, IVV’s low point in its 52 week range is $435.37 per share, with $597.30 as the 52 week high point — that compares with a last trade of $597.20. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique — learn more about the 200 day moving average ».

Exchange traded funds (ETFs) trade just like stocks, but instead of ”shares” investors are actually buying and selling ”units”. These ”units” can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.

Companies within the Zacks Cosmetics sector are grappling with inflationary pressures amidst a decline in consumer spending. The cost of living and interest rates are hindering demand, presenting challenges for players like Coty Inc. and Inter Parfums, Inc.

Overview of the Cosmetics Industry

Within the Zacks Cosmetics industry, companies offer an array of beauty and personal care products, ranging from skincare to makeup and hair care. Marketed through various channels, these firms cater to a diverse consumer base with different preferences.

Forces Shaping the Industry

Cosmetic companies face inflationary headwinds, international risks, but they are also driven by innovation and digitization. Consumers' growing focus on skincare and makeup drives demand. However, the industry's Zacks Industry Rank has been lackluster, with lowered earnings estimates in recent times.

Performance Overview and Valuation

The Zacks Cosmetics industry has lagged behind the S&P 500 and the broader Consumer Staples sector in the past year. Despite this, companies are still being traded in a competitive range, with forward P/E ratios in line with market standards.

Potential Stock Picks

Coty Inc., with its strategic growth pillars and focus on consumer preferences, remains a notable contender in the cosmetics industry. Despite short-term challenges, Coty demonstrates resilience and a commitment to long-term success.

Beauty and Fragrance Companies Weather Storm in the Market Beauty and Fragrance Companies Weather Storm in the Market

Click here to find out which 9 other ETFs had notable inflows »