Schwab US Dividend Equity ETF Sees Significant Inflows Amid Mixed Performance from Major Holdings
Strong Inflows Indicate Investor Interest
Recent data from ETF Channel highlights an impressive inflow of approximately $220.1 million into the Schwab US Dividend Equity ETF (Symbol: SCHD). This marks a 0.3% weekly increase in outstanding units, rising from 2,418,450,000 to 2,426,250,000. Within SCHD’s significant holdings, stock performance today reveals Pfizer Inc (Symbol: PFE) down about 1%, AbbVie Inc (Symbol: ABBV) declining roughly 1.7%, and Bristol Myers Squibb Co. (Symbol: BMY) decreasing by approximately 0.4%. For a detailed overview of all holdings, visit the SCHD Holdings page »
52-Week Performance Analysis
The chart below illustrates the one-year price performance of SCHD against its 200-day moving average:
Throughout the past year, SCHD has oscillated between a low of $25.16 and a high of $29.72 per share. The most recent trading price was $28.02. Evaluating the current share price in relation to the 200-day moving average is often a useful technique for investors seeking insights. To delve deeper into the 200-day moving average, learn more here.
Understanding ETF Dynamics
Exchange-traded funds (ETFs) function similarly to stocks, although investors trade ”units” instead of ”shares”. These ”units” can be exchanged just like stocks, while also allowing for creation or destruction based on market demand. Each week, we track changes in outstanding shares to identify ETFs with notable inflows (new units created) or outflows (units destroyed). The creation of new units often necessitates purchasing the underlying holdings of the ETF, while unit destruction involves selling those holdings, impacting the individual stocks within ETFs.
Click here to discover which 9 other ETFs experienced notable inflows »
Also see:
- DAL YTD Return
- Top Ten Hedge Funds Holding XLYO
- Top 10 Hedge Funds Holding Citigroup
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
