Beacon Pointe Advisors LLC Acquires 2,681,610 Shares of Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG)

Beacon Pointe Advisors LLC raised its position in Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) by 334.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,482,685 shares of the company’s stock after acquiring an additional 2,681,610 shares during the quarter. Schwab U.S. Large-Cap Growth ETF makes up 1.1% of Beacon Pointe Advisors LLC’s investment portfolio, making the stock its 14th largest position. Beacon Pointe Advisors LLC owned 1.19% of Schwab U.S. Large-Cap Growth ETF worth $97,062,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Valley Wealth Managers Inc. lifted its position in Schwab U.S. Large-Cap Growth ETF by 300.0% during the fourth quarter. Valley Wealth Managers Inc. now owns 904 shares of the company’s stock valued at $25,000 after buying an additional 678 shares during the period. HM Payson & Co. increased its holdings in shares of Schwab U.S. Large-Cap Growth ETF by 300.0% during the fourth quarter. HM Payson & Co. now owns 944 shares of the company’s stock valued at $26,000 after acquiring an additional 708 shares in the last quarter. Versant Capital Management Inc boosted its stake in Schwab U.S. Large-Cap Growth ETF by 300.4% in the 4th quarter. Versant Capital Management Inc now owns 1,017 shares of the company’s stock worth $28,000 after purchasing an additional 763 shares in the last quarter. Fairfield Financial Advisors LTD grew its position in Schwab U.S. Large-Cap Growth ETF by 299.6% during the 4th quarter. Fairfield Financial Advisors LTD now owns 991 shares of the company’s stock valued at $28,000 after purchasing an additional 743 shares during the last quarter. Finally, Human Investing LLC bought a new stake in Schwab U.S. Large-Cap Growth ETF during the 4th quarter valued at about $29,000.

Schwab U.S. Large-Cap Growth ETF Stock Performance

Shares of NYSEARCA SCHG opened at $25.28 on Monday. The company has a market cap of $35.64 billion, a PE ratio of 32.77 and a beta of 1.17. The firm’s 50 day moving average price is $25.33 and its 200-day moving average price is $26.99. Schwab U.S. Large-Cap Growth ETF has a 52-week low of $21.37 and a 52-week high of $29.14.

Schwab U.S. Large-Cap Growth ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th were issued a dividend of $0.0272 per share. The ex-dividend date was Wednesday, March 26th.

Schwab U.S. Large-Cap Growth ETF Profile

Schwab U.S. Large-Cap Growth ETF (the Fund) goal is to track the total return of the Dow Jones U.S. Large-Cap Growth Total Stock Market Index (the Index). The Fund’s index includes the large-cap growth portion of the Dow Jones U.S. Total Stock Market Index available to investors in the marketplace. The Dow Jones U.S.