Noteworthy ETF Outflows: IGSB
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 23 2024
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Source: NASDAQ.COM
IGSB Stock Analysis:
- IGSB's 52-week range is from $49.36 to $51.5263 per share, with the last trade at $50.84.
- Comparing the recent share price to the 200-day moving average can provide useful technical analysis insights.
ETF Trading Overview:
- Exchange-traded funds (ETFs) are traded like stocks, where investors buy and sell "units."
- These units can be traded back and forth or created/destroyed based on investor demand.
- Monitoring weekly changes in shares outstanding helps track notable inflows and outflows in ETFs.
Impacts of Inflows and Outflows:
- Creation of new units requires purchasing underlying holdings of the ETF.
- Destruction of units involves selling underlying holdings, affecting individual components within ETFs.
Notable ETF Outflows:
- The article mentions 9 other ETFs that experienced significant outflows, providing further insights into market trends.
Disclaimer:
- The views expressed in the content are those of the author and may not represent Nasdaq, Inc.'s opinions.
Analyst Views on IGSB
Wall Street analysts forecast IGSB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for IGSB is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 52.950
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Current: 52.950
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
