Weekly ETF Shares Outstanding Changes
Delving into the week-over-week shares outstanding alterations within the realm of ETFs encapsulated at ETF Channel, one standout is the Invesco S&P 500—Pure Value ETF (RPV), where an approximate $435.5 million inflow has been uncovered—showcasing a substantial 26.7% surge in outstanding units from 19,260,000 to 24,400,000. Noteworthy underlying components of RPV encompass General Motors Co (GM), demonstrating a 1.6% increase in trading today, Ford Motor Co. (F), boasting a 1.8% rise, and Viatris Inc (VTRS), observing a slight 0.1% dip.
One-Year Price Performance and Moving Average
The chart illustrated below delineates the one-year price performance of RPV against its 200-day moving average:
Examining the aforementioned chart, RPV’s bottom in its 52-week range stands at $67.69 per share, with the peak at $85.37 as the 52-week high point—reflecting a recent trade at $85.15. Evaluating the most recent share price against the 200-day moving average can serve as a valuable technical analysis strategy.
Exchange-traded funds (ETFs) operate akin to stocks, where instead of trading “shares,” investors engage in buying and selling “units.” These units can be transacted similar to stocks, with the additional ability to generate or eliminate them to meet investor demands. Weekly monitoring of shares outstanding alterations is crucial to identify ETFs undergoing notable inflows (signifying new unit creations) or outflows (indicating old unit demolitions). The formation of new units necessitates the acquisition of underlying ETF holdings, while the eradication of units involves the liquidation of the underlying holdings, thereby large flows could potentially influence the individual components harbored within ETFs.
Click here to discover the other 9 ETFs with remarkable inflows »
Further Reading:
Insights on Stock Splits
Analysis of Funds Holding CYTO
YTD Return on IFBD