Latest news with #SchwabU.S.Large-CapETF
Yahoo
21-04-2025
- Business
- Yahoo
Charles Schwab Q1 ETF Assets Jump 16% From Last Year
Charles Schwab Corp. (SCHW), the fifth-largest U.S. ETF issuer, said assets in its exchange-traded funds rose 16% since last year's first quarter as flows into its biggest funds jumped. Schwab, which manages 33 ETFs, said in an April 17 statement that assets in its proprietary ETFs jumped to $398.2 billion from $342.9 billion at the end of last year's first quarter. Since the previous quarter ended, assets inched up 1% from $395 billion, the Westlake, Texas-based company said. Assets gained year over year as broad equity indexes jumped, with the S&P 500 notching a 25% total return last year. Inflows slowed as markets dropped this year, however, as fears of recession and inflation sparked by President Donald Trump's trade war have pushed the S&P 500 10% lower so far in 2025. Investors were met with 'an increasingly uncertain environment' in the first quarter, Schwab Chief Executive Officer Rick Wurster said in the statement. As markets tumbled in the first quarter and investors moved money into safer investments, Schwab's largest ETF, the $64.9 billion Schwab US Dividend Equity ETF (SCHD), pulled in $3.8 billion. That fund pulled in $12.1 billion since last year's first quarter. It includes companies with 10-year histories of paying dividends, which are widely considered safer investments. As markets became increasingly volatile during the first quarter, many investors chose to buy stock funds as prices dropped, and Schwab's second-largest ETF, the $47.5 billion Schwab U.S. Large-Cap ETF (SCHX), pulled in $812 million. Still, that fund has dipped 10% this year. Net purchases of ETFs at Schwab dropped 17% from the fourth quarter, falling to $63.1 billion from $76.2 billion. Source: data Schwab clients' portfolios grew fatter year over year, the company said, with the average client's assets up 15% to $2.3 million. That was mostly due to a 22% jump, to $658,588, in average holdings of ETFs, collective trust funds, and equity and bond funds. The U.S. ETF industry's overall inflows dipped 32% from $427 billion in last year's fourth quarter to $291 billion during the first quarter, State Street said last week, citing Morningstar Data. Still, they jumped 41% from last year's first-quarter total of $191 | © Copyright 2025 All rights reserved
Yahoo
14-02-2025
- Business
- Yahoo
Schwab Expands 24-Hour Trading to S 500, Nasdaq-100 Stocks
Charles Schwab Corp. (SCHW) customers can now trade S&P 500 and Nasdaq-100 stocks around the clock on weekdays, including exchange-traded funds, through expanded overnight trading, according to a company announcement Wednesday. The $10.1 trillion asset manager has enabled trading in these major indices through its thinkorswim platform, the announcement said. The expansion comes as global market events increasingly affect U.S. stocks outside regular trading hours, potentially affecting millions of retail investors who previously had limited ability to react to overnight market moves. 'Market-moving news doesn't wait for standard market hours, and retail traders know what a difference it can make to have access to the markets when volatility spikes,' James Kostulias, managing director and head of trading services at Charles Schwab, said in the announcement. The move follows a successful pilot program that ran from November through January, according to the announcement. During the pilot, trading activity concentrated between 8 p.m. to 9 p.m. and 3 a.m. to 4 a.m. The shift toward 24-hour trading gained momentum after TD Ameritrade, now owned by Schwab, pioneered 24/5 trading in 2018 with approximately two dozen ETFs, according to the announcement. The Securities and Exchange Commission approved an application for 24X National Exchange to operate a U.S. stock exchange that trades between 4 a.m and 7 p.m. on weekdays and from 8 p.m. Sunday through 7 p.m. Friday, allowing nearly continuous trading throughout the week. Tesla Inc. (TSLA), Nvidia Corp. (NVDA), Palantir Technologies Inc. (PLTR), MicroStrategy Inc. (MSTR), and Advanced Micro Devices Inc. (AMD) emerged as the most actively traded securities during the overnight pilot period, according to the release. The expansion enables Schwab to process approximately an average of 6 million daily trades, double the volume of competitors who publicly share the figures, the announcement said. Schwab's products include more than 33 ETFs in fixed income and equities, including the Schwab U.S. Large-Cap ETF (SCHX) and Schwab Ultra-Short Income ETF (SCUS), as well as access to thousands of other ETFs. Schwab was changing hands just below $82 per share, down 1.5% in Wednesday afternoon | © Copyright 2025 All rights reserved Sign in to access your portfolio
Yahoo
12-02-2025
- Business
- Yahoo
Schwab Expands 24-Hour Trading to S 500, Nasdaq-100 Stocks
Charles Schwab Corp. (SCHW) customers can now trade S&P 500 and Nasdaq-100 stocks around the clock on weekdays, including exchange-traded funds, through expanded overnight trading, according to a company announcement Wednesday. The $10.1 trillion asset manager has enabled trading in these major indices through its thinkorswim platform, the announcement said. The expansion comes as global market events increasingly affect U.S. stocks outside regular trading hours, potentially affecting millions of retail investors who previously had limited ability to react to overnight market moves. 'Market-moving news doesn't wait for standard market hours, and retail traders know what a difference it can make to have access to the markets when volatility spikes,' James Kostulias, managing director and head of trading services at Charles Schwab, said in the announcement. The move follows a successful pilot program that ran from November through January, according to the announcement. During the pilot, trading activity concentrated between 8 p.m. to 9 p.m. and 3 a.m. to 4 a.m. The shift toward 24-hour trading gained momentum after TD Ameritrade, now owned by Schwab, pioneered 24/5 trading in 2018 with approximately two dozen ETFs, according to the announcement. The Securities and Exchange Commission approved an application for 24X National Exchange to operate a U.S. stock exchange that trades between 4 a.m and 7 p.m. on weekdays and from 8 p.m. Sunday through 7 p.m. Friday, allowing nearly continuous trading throughout the week. Tesla Inc. (TSLA), Nvidia Corp. (NVDA), Palantir Technologies Inc. (PLTR), MicroStrategy Inc. (MSTR), and Advanced Micro Devices Inc. (AMD) emerged as the most actively traded securities during the overnight pilot period, according to the release. The expansion enables Schwab to process approximately an average of 6 million daily trades, double the volume of competitors who publicly share the figures, the announcement said. Schwab's products include more than 33 ETFs in fixed income and equities, including the Schwab U.S. Large-Cap ETF (SCHX) and Schwab Ultra-Short Income ETF (SCUS), as well as access to thousands of other ETFs. Schwab was changing hands just below $82 per share, down 1.5% in Wednesday afternoon | © Copyright 2025 All rights reserved Sign in to access your portfolio
