Schwab U.S. Large-Cap Growth ETF $SCHG Stake Reduced by Financial Advisors LLC

Financial Advisors LLC cut its position in Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) by 1.9% in the second quarter, HoldingsChannel reports. The institutional investor owned 3,045,218 shares of the company’s stock after selling 57,510 shares during the period. Schwab U.S. Large-Cap Growth ETF makes up 16.6% of Financial Advisors LLC’s portfolio, making the stock its 2nd biggest holding. Financial Advisors LLC’s holdings in Schwab U.S. Large-Cap Growth ETF were worth $88,951,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of SCHG. Envestnet Asset Management Inc. grew its stake in shares of Schwab U.S. Large-Cap Growth ETF by 13.6% in the first quarter. Envestnet Asset Management Inc. now owns 48,260,555 shares of the company’s stock valued at $1,208,444,000 after buying an additional 5,775,232 shares in the last quarter. RMG Wealth Management LLC acquired a new position in Schwab U.S. Large-Cap Growth ETF during the 2nd quarter worth $142,573,000. HighTower Advisors LLC grew its stake in Schwab U.S. Large-Cap Growth ETF by 70.8% during the 1st quarter. HighTower Advisors LLC now owns 7,614,284 shares of the company’s stock worth $190,662,000 after purchasing an additional 3,155,669 shares in the last quarter. Golden Reserve Retirement LLC acquired a new stake in shares of Schwab U.S. Large-Cap Growth ETF in the 1st quarter valued at $69,560,000. Finally, LPL Financial LLC raised its holdings in shares of Schwab U.S. Large-Cap Growth ETF by 11.6% in the 1st quarter. LPL Financial LLC now owns 24,607,170 shares of the company’s stock valued at $616,163,000 after purchasing an additional 2,554,009 shares in the last quarter.

Schwab U.S. Large-Cap Growth ETF Trading Up 0.6%

Shares of SCHG opened at $31.92 on Monday. The firm’s fifty day simple moving average is $31.30 and its 200-day simple moving average is $28.79. The firm has a market capitalization of $51.11 billion, a price-to-earnings ratio of 34.24 and a beta of 1.10. Schwab U.S. Large-Cap Growth ETF has a twelve month low of $21.37 and a twelve month high of $32.63.

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.