Exploring the week-over-week shares outstanding changes among the ETF universe, a standout is the iShares Russell 1000 ETF (Symbol: IWB). A significant outflow of approximately $249.1 million has been detected, marking a 0.8% decrease from 123,750,000 to 122,800,000 shares. Notably, among the largest components of IWB, Tesla Inc (Symbol: TSLA) is down by 1.1%, while Broadcom Inc (Symbol: AVGO) has seen an increase of about 3%, and Caterpillar Inc. (Symbol: CAT) is trading lower by about 0.1%. For a comprehensive list of holdings, visit the IWB Holdings page.
Examining the chart above, the 52-week range for IWB spans from a low of $209.39 per share to a high of $263.76. This compares with a last trade of $262.95. Furthermore, comparing the most recent share price to the 200-day moving average can be a valuable technical analysis technique.
Exchange traded funds (ETFs) function akin to stocks; however, investors trade ”units” instead of ”shares”. These ”units” can be bought and sold like stocks and can be created or destroyed to meet investor demand. It’s pivotal to monitor the week-over-week change in shares outstanding data to identify ETFs experiencing notable inflows or outflows. The creation of new units signifies the need to purchase the underlying holdings of the ETF, while the destruction of units entails selling underlying holdings. Large flows can impact the individual components held within ETFs, underscoring the need for close monitoring.
For evaluation of other ETFs with notable outflows, click here.
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