MOR Wealth Management LLC cut its stake in Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG – Free Report) by 8.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 796,661 shares of the company’s stock after selling 69,337 shares during the period. Schwab U.S. Large-Cap Growth ETF makes up approximately 10.8% of MOR Wealth Management LLC’s holdings, making the stock its largest holding. MOR Wealth Management LLC’s holdings in Schwab U.S. Large-Cap Growth ETF were worth $26,959,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Sei Investments Co. increased its position in shares of Schwab U.S. Large-Cap Growth ETF by 7.6% in the first quarter. Sei Investments Co. now owns 47,564,768 shares of the company’s stock valued at $1,385,562,000 after buying an additional 3,356,829 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Schwab U.S. Large-Cap Growth ETF by 9.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 37,744,872 shares of the company’s stock valued at $1,231,238,000 after acquiring an additional 3,230,427 shares during the last quarter. LPL Financial LLC increased its holdings in Schwab U.S. Large-Cap Growth ETF by 7.8% during the 4th quarter. LPL Financial LLC now owns 34,166,654 shares of the company’s stock valued at $1,114,516,000 after acquiring an additional 2,464,714 shares in the last quarter. Mariner LLC increased its holdings in Schwab U.S. Large-Cap Growth ETF by 12.5% during the 4th quarter. Mariner LLC now owns 20,078,592 shares of the company’s stock valued at $654,968,000 after acquiring an additional 2,229,203 shares in the last quarter. Finally, Cetera Investment Advisers raised its position in Schwab U.S. Large-Cap Growth ETF by 5.9% during the first quarter. Cetera Investment Advisers now owns 17,955,640 shares of the company’s stock worth $523,048,000 after acquiring an additional 995,373 shares during the last quarter.
Schwab U.S. Large-Cap Growth ETF Price Performance
Shares of NYSEARCA SCHG opened at $35.53 on Friday. The firm’s 50-day moving average is $34.80 and its two-hundred day moving average is $33.04. The company has a market capitalization of $62.34 billion, a PE ratio of 34.24 and a beta of 1.19. Schwab U.S. Large-Cap Growth ETF has a 12-month low of $27.96 and a 12-month high of $36.11.
About Schwab U.S. Large-Cap Growth ETF
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. Large-Cap Growth Total Stock Market Index includes the components ranked 1-750 by full market capitalization and that are classified as growth. The Index is a float-adjusted market capitalization weighted index.
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