Schwab US Large-Cap ETF Sees Notable $230.6 Million Inflow
In a recent analysis of week-over-week changes in shares outstanding, the Schwab US Large-Cap ETF (Symbol: SCHX) has emerged as a notable performer. The fund experienced an inflow of approximately $230.6 million, translating to a 0.5% rise in outstanding units, which increased from 2,256,400,000 to 2,268,000,000. Within SCHX’s largest underlying components, notable movements today include a 1.5% increase in Medtronic PLC (Symbol: MDT), a 3.5% rise in Chubb Ltd (Symbol: CB), and a 1.4% gain in Prologis Inc (Symbol: PLD). For additional insights, view the SCHX Holdings page.
The chart below illustrates the one-year price performance of SCHX alongside its 200-day moving average:
According to the chart, SCHX’s 52-week low is $18.9997 per share, while its 52-week high reaches $24.31. The most recent trade recorded a share price of $20.66. Analyzing the current share price in relation to the 200-day moving average may offer valuable insights for technical analysis enthusiasts.
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Exchange-traded funds (ETFs) function similarly to stocks; however, investors buy and sell ‘units’ instead of traditional ‘shares.’ These units are traded just like stocks but can also be created or destroyed based on investor demand. Each week, we monitor the changes in shares outstanding to identify ETFs that experience significant inflows, indicating many new units created, or outflows, signifying many units destroyed. When new units are created, the ETF’s underlying holdings must be acquired, while the destruction of units entails selling off holdings. Consequently, substantial flows can influence the performance of individual components within the ETFs.
Click here to discover which 9 other ETFs are experiencing notable inflows.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
