Looking at week-over-week changes in shares outstanding among the universe of exchange-traded funds covered at ETF Channel — one standout ETF is the iShares S&P 500 Index (ETF) (NYSEARCA:IVV), where we have detected an approximate $338.1 million dollar outflow.
That outflow signifies a 0.5% decrease week over week (from 335,800,000 to 334,200,000).
Among the largest underlying components of IVV in trading recently, General Electric Company (NYSE:GE) was off about 0.6%, JPMorgan Chase & Co. (NYSE:JPM) was down about 0.5% and Chevron Corporation (NYSE:CVX) was lower by about 0.9%. 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:
Looking at the chart above, IVV’s low point in its 52-week range is $181.91 per share with $211.31 as the 52-week high point — that compares with a last trade of $211.02. 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.
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.