Investors Withdraw $312 Million from Schwab Fundamental U.S. Large Company Index ETF
Week-Over-Week Changes Highlight Notable Trends
Looking at the latest data from ETF Channel, a significant event has occurred with the Schwab Fundamental U.S. Large Company Index (Symbol: FNDX), which has experienced a notable outflow of approximately $312.0 million. This equates to a 1.8% decline in shares outstanding, dropping from 740,550,000 to 727,350,000 this past week. Among FNDX’s key holdings, AT&T Inc (Symbol: T) and Verizon Communications Inc (Symbol: VZ) both gained about 0.7%. Meanwhile, Intel Corp (Symbol: INTC) saw an increase of about 1.7%. For those interested in a complete list of FNDX’s holdings, please refer to the FNDX Holdings page »
In examining the chart, FNDX’s share price demonstrates a 52-week low of $20.2067 and a high of $25.17, with the most recent trade recorded at $23.75. Analyzing the current share price against the 200-day moving average offers useful insights for investors. For those seeking to deepen their understanding of this analytical tool, further details are available on the 200-day moving average ».
Exchange-traded funds (ETFs) function similarly to stocks, with investors trading “units” rather than shares. These units can be bought and sold like shares, and they can also be created or destroyed based on market demand. Each week, we track changes in outstanding shares to identify ETFs showing notable inflows (many new units created) or outflows (many units destroyed). Creation of new units usually requires purchasing the underlying holdings of the ETF, while the destruction of units typically means selling those holdings. Thus, significant movements in these units can influence the individual components within ETFs.
Click here to see which 9 other ETFs experienced notable outflows »
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