The Online Investor

IHF, CVS, CI, ANTM: ETF Outflow Alert

By The Online Investor Staff, Friday, April 9, 10:54 AM ET

Symbols mentioned in this story: IHF, CVS, CI, ANTM

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 U.S. Healthcare Providers ETF (NYSE:IHF) where we have detected an approximate $62.2 million dollar outflow -- that's a 5.5% decrease week over week (from 4,550,000 to 4,300,000). Among the largest underlying components of IHF, in trading today CVS Health Corporation (NYSE:CVS) is up about 0.2%, Cigna Corp (NYSE:CI) is up about 0.7%, and Anthem Inc (NYSE:ANTM) is up by about 0.5%. For a complete list of holdings, visit the IHF Holdings page »

The chart below shows the one year price performance of IHF, versus its 200 day moving average:

iShares U.S. Healthcare Providers ETF 200 Day Moving Average Chart

Looking at the chart above, IHF's low point in its 52 week range is $173.065 per share, with $253.82 as the 52 week high point — that compares with a last trade of $250.32. 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 ».

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This Article's Word Cloud:   ANTM   Among   Anthem   Channel   Cigna   Comparing   Corp   Corporation   Creation   Days   Dollars   ETFs   Each   Exchange   Health   Healthcare   Holdings   Join   Looking   NYSE   Seven   about   also   average   chart   components   created   destroyed   holdings   just   like   many   moving   outstanding   over   point   price   raquo   selling   share   shares   stocks   that   today   trade   traded   underlying   units   week   with

IHF, CVS, CI, ANTM: ETF Outflow Alert Page |

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