QQQM, TMUS, ISRG, TXN: Large inflows detected in ETF

Today, looking at the weekly changes in stock outstandings across the universe of ETFs covered by ETF Channel, the one that stands out is the Invesco NASDAQ 100 ETF (Symbol: QQQM), where we saw an inflow of approximately $128.7 million – an increase of 0.4%. Increase in outstanding units week over week (from 170,530,000 to 171,170,000). QQQM's biggest underlying components in trading today include T-Mobile US Inc. (Symbol: TMUS), up about 4%, Intuitive Surgical Inc (Symbol: ISRG), up about 0.1%, and Texas Instruments Inc. (Symbol: TXN). ) is about 2% higher. For a full list of holdings, visit the QQQM Holdings page » The chart below shows QQQM's one-year price performance compared to its 200-day moving average:

Looking at the chart above, QQQM's 52-week low point is $140.84 per share, with $207.24 being its 52-week high – in comparison, it was the most recent Trading at $202.08. Comparing the last stock price to the 200-day moving average can also be a useful technical analysis technique – learn more about the 200-day moving average ».

Exchange traded funds (ETFs) trade like stocks, but instead of “stocks,” investors actually buy and sell “shares.” These “units” can trade back and forth like stocks, but can also be created or destroyed to meet investor demand. Each week we monitor the weekly change in shares outstanding data to look for ETFs that are seeing significant inflows (lots of new units being created) or outflows (lots of old units being destroyed). Creating new units means that the underlying holdings of the ETF must be purchased, while destroying units requires selling the underlying holdings, so large inflows can also affect the individual components contained in ETFs.

Click here to find out which 9 other ETFs saw significant inflows »

See also:

• Stock MACD
• HAL dividend growth rate
• Top ten hedge funds holding AURC

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.