The Schwab U.S. Large-Cap Growth ETF (SCHG) experienced a significant outflow of approximately $642.8 million, marking a 1.2% decrease in shares outstanding from 1,638,800,000 to 1,619,250,000 week-over-week. This decline was reported today, with notable holdings such as Intuitive Surgical Inc. (ISRG) down 0.3% and Walt Disney Co. (DIS) off by 0.6%.
SCHG’s current share price stands at $32.81, compared to its 52-week low of $21.37 and a 52-week high of $33.74. These movements suggest considerable investor activity, impacting the underlying components of the ETF.
Investors should note that ETFs, like SCHG, trade similarly to stocks but involve “units” which can be created or destroyed based on demand, affecting the basis of the ETF’s holdings.
