Notable ETF Entry Detected – VTEB


LLooking today at the exceptional week-over-week stock changes among the universe of ETFs covered by ETF Channel, the Vanguard Tax Exempt Bond ETF (Symbol: VTEB) where we detected an inflow of approximately $906.5 million – that’s a 6.6% week-over-week increase in units outstanding (from 271,115,358 to 289,001,594). The chart below shows the one-year price performance of VTEB, compared to its 200-day moving average:

Looking at the chart above, VTEB’s low point in its 52-week range is $50.65 per share, with $55.675 as its 52-week high – compare with a last trade of $50.70. Comparing the most recent stock 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 like stocks, but instead of “stocks,” investors actually buy and sell “units.” These “units” can be traded like shares, but can also be created or destroyed to meet investor demand. Every week, we monitor the week-over-week trend of outstanding stock data, to monitor which ETFs are experiencing inflows (many new units created) or outflows (many old units destroyed) notables. The creation of new units will mean that the ETF’s underlying holdings must be bought, while the destruction of units involves the sale of underlying holdings, so large flows can also impact the individual components held in ETFs.

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

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