FDN, NFLX, BKNG, ANET: ETF Inflow Alert

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the First Trust Dow Jones Internet Index Fund (Symbol: FDN) where we have detected an approximate $429.7 million dollar inflow — that’s a 9.2% increase week over week in outstanding units (from 19,500,002 to 21,300,002). Among the largest underlying components of FDN, in trading today Netflix Inc (Symbol: NFLX) is up about 0.9%, Booking Holdings Inc (Symbol: BKNG) is off about 0.2%, and Arista Networks Inc (Symbol: ANET) is lower by about 4.5%. For a complete list of holdings, visit the FDN Holdings page »

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

First Trust Dow Jones Internet Index Fund 200 Day Moving Average Chart

Looking at the chart above, FDN’s low point in its 52 week range is $191.37 per share, with $287.81 as the 52 week high point — that compares with a last trade of $238.50. 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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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.

See also <!DOCTYPE html><html lang="en"><head> <meta charset="UTF-8"> <meta name="viewport" content="width=device-width, initial-scale=1.0"> <title>Power of Investment: Insights into Financial Market Trends</title></head><body> <h2>Consumer and Business Finances: An Upbeat Outlook</h2> <p>In the vast economic landscape, customers display robust spending capacity, sparking a continuous cycle of economic vibrancy. As per a note by Deutsche Bank’s Binky Chadha on Sept. 12, both household and corporate balance sheets stand resilient, marking a departure from historical downturn patterns.</p> <p>Despite the pointed references to the historically high absolute levels of debt in various news feeds, the critical metric remains the relationship between this debt and its serviceability, a capacity that presently boasts historical strength.</p> <p>Even though surveys indicate a prevailing pessimism among consumers and business managers, the hard data underscores a different narrative - one of consistent spending patterns, possibly propelled by their sturdy financial foundations.</p> <h2>A Decoupling of the Stock Market from Political Factors</h2> <p>The conventional narrative linking Donald Trump's policy stance to favorable stock market outcomes has hit a snag. Recent observations by RBC’s Lori Calvasina, dated September 23, underscore this break in correlations.</p> <p>While the divergence may seem unusual, historical instances reveal a similar trend. Despite changes such as corporate tax reforms that initially raised tax rates, businesses managed to recalibrate their strategies, leading to sustainable earnings growth and subsequent stock price appreciation.</p> <h2>The Unyielding Power of Compound Interest</h2> <p>A revelatory insight into market behavior under different presidencies unveils a profound truth - investors who remained steadfast regardless of the political climate outperformed those who based their investment decisions on party affiliations. BlackRock’s Gargi Chaudhuri reinforces this point by emphasizing the unparalleled significance of staying invested in the market, attesting to the magnified benefits of long-term commitment.</p> <h2>U.S. Companies: A Testimony to Success</h2> <p>Borrowing an idea from Mario Draghi’s discourse on European competitiveness, Deutsche Bank’s Jim Reid sheds light on a striking dichotomy between U.S. and European enterprises. The noteworthy absence of a European firm, with a valuation exceeding €100 billion and established in the last 50 years, further accentuates the exceptional growth trajectory of U.S. corporations.</p> <p>As noted in a previous article on TKer, the U.S. market's superior performance can be attributed to various factors such as a culture of innovation, business-friendly regulations, and robust corporate governance practices.</p></body></html><html> <head> <title>Exploring Financial Trends</title> </head> <body> <header> Unveiling Financial Insights: A Look into Markets and Earnings

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

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