When analyzing the weekly changes in shares outstanding among various ETFs, the Invesco QQQ (Symbol: QQQ) stands out with a significant inflow of approximately $4.1 billion. This marks a 1.5% increase week over week in outstanding units, rising from 598,400,000 to 607,150,000. Notable movements were observed in some of the major components of QQQ; Apple Inc (Symbol: AAPL) experienced a decline of about 0.4%, while NVIDIA Corp (Symbol: NVDA) surged by 1.2%, and Microsoft Corporation (Symbol: MSFT) gained about 0.6%.
Performance Comparison
The chart displayed below illustrates the one-year price performance of QQQ in comparison to its 200-day moving average:
As per the data presented, QQQ hit its 52-week low at $342.35 per share, with $503.52 as the highest point during the same period. The latest trading price stands at $474.63. Additionally, comparing the current share price with the 200-day moving average can be a valuable technique for technical analysis.
Exchange-traded funds (ETFs) function akin to stocks, albeit with a distinction – investors trade “units” instead of shares. These units can be bought and sold like stocks, but can also be generated or eliminated based on investor demand. Weekly monitoring of the changes in shares outstanding data allows the identification of ETFs experiencing notable inflows, indicating creation of new units to meet demand or outflows due to unit destruction. These flows impact the underlying components held within ETFs.
Explore the other 9 ETFs with significant inflows here »