OEF, IBM, MRK, ORCL: Large Outflows Detected at ETF Tuesday, May 14, 11:49 AM ET, by Market News Video Staff Symbols mentioned in this story: OEF, IBM, MRK, ORCL Exchange traded funds (ETFs) trade just ...
Noteworthy ETF Inflows: VTV, GE, PFE, T Monday, May 20, 12:22 PM ET, by Market News Video Staff Symbols mentioned in this story: VTV, GE, PFE, T Exchange traded funds (ETFs) trade just ...
Symbols mentioned in this story: IHE, PFE, MRK, ABT
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.
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Dow Jones U.S. Pharmaceuticals Index Fund (AMEX:IHE) where we have detected an approximate $26.1 million dollar inflow -- that's a 13.8% increase week over week in outstanding units (from 2,900,000 to 3,300,000). Among the largest underlying components of IHE, in trading today Pfizer Incorporated (NYSE:PFE) is off about 1%, Merck & Company (NYSE:MRK) is down about 0.3%, and Abbott Labs (NYSE:ABT) is lower by about 0.5%. For a complete list of holdings, visit the IHE Holdings page »
The chart below shows the one year price performance of IHE, versus its 200 day moving average:
Looking at the chart above, IHE's low point in its 52 week range is $60.55 per share, with $75.18 as the 52 week high point — that compares with a last trade of $65.47. 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 ».
The ETF Channel Flexible Growth Investment Portfolio is designed to seek growth for investors —
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allocation as there are no predetermined guidelines as to the level of stocks, bonds, cash, regions, countries, sectors,
commodities, or even asset classes in the portfolio! In short, this is a completely flexible portfolio designed to follow
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