Large outflows detected in this energy MLP ETF

mlp stock

From ETF Channel Staff: 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 Gold Trust¬†(IAU)¬†where we have detected an approximate $74.7 million dollar inflow — that’s a 0.6% increase week over week in outstanding units (from 968,100,000 to 974,100,000).

IAU’s low point in its 52-week range is $11.25 per share, with $13.11 as the 52-week high point — that compares with a last trade of $12.47. Comparing the most recent share price to the 200-day moving average can also be a useful technical analysis technique.

The Alerian MLP ETF (AMLP) was trading at $9.68 per share on Monday afternoon, down $0.10 (-1.02%). Year-to-date, AMLP has declined -6.71%, versus a -1.15% rise in the benchmark S&P 500 index during the same period.

AMLP currently has an ETF Daily News SMART Grade of A (Strong Buy), and is ranked #1 of 21 ETFs in the MLP ETFs category.

This article is brought to you courtesy of ETF Channel.