Schwab U.S. Large-Cap Growth ETF Sees $274.6 Million Inflow
In the latest analysis of week-over-week changes in shares outstanding among various ETFs, the Schwab U.S. Large-Cap Growth ETF (Symbol: SCHG) has emerged as a notable performer. The ETF experienced an inflow of approximately $274.6 million, resulting in a 0.7% increase in outstanding units—from 1,477,600,000 to 1,487,500,000.
Current Performance of Key Holdings
Among SCHG’s primary holdings, several companies showed varied performance today. Accenture plc (Symbol: ACN) is up about 0.1%, while Progressive Corp. (Symbol: PGR) is down approximately 0.2%. Advanced Micro Devices Inc. (Symbol: AMD) has seen a decline of about 1.2%. For a complete list of the ETF’s holdings, visit the SCHG Holdings page.
Price Trends Against Moving Averages
The chart below illustrates the one-year price performance of SCHG in relation to its 200-day moving average:
SCHG has recorded a 52-week low of $21.3703 per share and a high of $29.14, with the last trade recorded at $27.60. Analyzing this share price against the 200-day moving average can provide additional technical insights into market trends.
The Mechanics of ETF Trading
Exchange-traded funds (ETFs) function similarly to stocks; however, investors buy and sell “units” instead of traditional “shares.” These units can be traded just like stocks, but they can also be created or destroyed based on investor demand. Each week, we monitor the week-over-week changes in shares outstanding to identify ETFs experiencing significant inflows, marked by a creation of new units, or outflows, characterized by a destruction of existing units. The creation of new units requires purchasing the ETF’s underlying holdings, while the destruction of units involves selling off those holdings, which can impact the components within the ETF.
For more insights on other ETFs with notable inflows, click here.
Additional Resources:
- ROP Technical Analysis
- CB Insider Buying
- AAMI Options Chain
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
