Schwab U.S. Large-Cap Growth ETF Sees Notable Inflows This Week
According to data from ETF Channel, the Schwab U.S. Large-Cap Growth ETF (Symbol: SCHG) has reported a significant week-over-week inflow of approximately $245.2 million. This marks a 0.7% increase in outstanding units from 1,407,900,000 to 1,418,250,000. As market dynamics shift, SCHG has shown resilience. Among its key components today, General Electric Co (Symbol: GE) is down about 1.4%, Adobe Inc (Symbol: ADBE) has fallen roughly 2.6%, and Standard & Poor’s Global Inc (Symbol: SPGI) is lower by approximately 1.8%. For a detailed overview of its holdings, please visit the SCHG Holdings page »
The chart below illustrates SCHG’s one-year price performance in relation to its 200-day moving average:
In examining the chart, SCHG’s 52-week low is recorded at $21.3703 per share, while its high points at $29.14. The last trade stood at $23.06. Comparing this recent price to the 200-day moving average can provide valuable insights for technical analysis—learn more about the significance of the 200-day moving average ».
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Exchange-traded funds (ETFs) function similarly to stocks, although investors are actually buying and selling “units.” These units can be traded back and forth just like stocks, but they can also be created or destroyed based on investor demand. Each week, we track the changes in shares outstanding to identify ETFs that are experiencing notable inflows (indicating new units created) or outflows (indicating units being destroyed). The creation of new units necessitates the purchase of the ETF’s underlying holdings, while the destruction of units typically involves selling those underlying holdings. Significant flows can thus impact individual components held within ETFs.
Click here to discover which other 9 ETFs saw notable inflows »
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The views and opinions expressed herein are those of the author and do not necessarily reflect the position of Nasdaq, Inc.
