RSP

RSP, UAL, VST, AXON: Large Inflows Detected at ETF

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Invesco S&P 500 Equal Weight ETF (Symbol: RSP) where we have detected an approximate $387.3 million dollar inflow -- that's a 0.5% increase week over week in outstanding units (from 403,770,000 to 405,920,000). Among the largest underlying components of RSP, in trading today United Airlines Holdings Inc (Symbol: UAL) is up about 1%, Vistra Corp (Symbol: VST) is down about 1.1%, and Axon Enterprise Inc (Symbol: AXON) is higher by about 0.2%. For a complete list of holdings, visit the RSP Holdings page » The chart below shows the one year price performance of RSP, versus its 200 day moving average:

Invesco S&P 500 Equal Weight ETF 200 Day Moving Average Chart

Looking at the chart above, RSP's low point in its 52 week range is $153.10 per share, with $188.16 as the 52 week high point — that compares with a last trade of $180.20. 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 ».

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.

Click here to find out which 9 other ETFs had notable inflows »

Also see:
• Institutional Holders of JOBS
• MTTR Stock Predictions
• Institutional Holders of EATV

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

More Related Articles

Info icon

This data feed is not available at this time.

Data is currently not available

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.