Significant Inflows Highlight Schwab’s FNDX ETF Performance
Today, we examine notable week-over-week changes in shares outstanding for ETFs tracked by ETF Channel. The Schwab Fundamental U.S. Large Company Index (Symbol: FNDX) has attracted approximately $399.9 million, reflecting a 2.3% increase in outstanding units—from 733,400,000 to 750,300,000. Within FNDX, several key components have shown positive movements: Berkshire Hathaway Inc. (Symbol: BRK.B) is up about 0.7%, Citigroup Inc. (Symbol: C) has risen approximately 2.6%, and Qualcomm Inc. (Symbol: QCOM) sees an increase of around 2.1%. For a detailed list of holdings, please visit the FNDX Holdings page.
The chart below illustrates FNDX’s one-year price performance compared to its 200-day moving average:
Examining the data, FNDX has a 52-week low of $21.2517 per share and a high of $25.17, with the last trade recorded at $23.98. Analyzing the most recent share price against the 200-day moving average offers valuable insights into potential price trends. For more on this technique, visit this page about the 200-day moving average.
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Exchange-traded funds (ETFs) function similarly to stocks, with “units” being the primary tradeable instrument instead of shares. These units are bought and sold like stocks but can also be created or destroyed based on investor demand. Each week, we track changes in shares outstanding to identify ETFs with notable inflows (creation of new units) or outflows (destruction of old units). The creation of new units necessitates purchasing the ETF’s underlying holdings, while selling units results in liquidating these holdings. Hence, significant inflows or outflows can impact the individual components held within ETFs.
Click here to discover which 9 other ETFs experienced 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.
