Birchwood Financial Partners Inc. bought a new position in Schwab US Large-Cap ETF (NYSEARCA:SCHX – Free Report) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 40,998 shares of the company’s stock, valued at approximately $1,103,000. Schwab US Large-Cap ETF accounts for approximately 1.1% of Birchwood Financial Partners Inc.’s holdings, making the stock its 24th biggest holding.
Other hedge funds have also recently modified their holdings of the company. Moneta Group Investment Advisors LLC boosted its position in shares of Schwab US Large-Cap ETF by 3.0% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 35,831,024 shares of the company’s stock valued at $964,213,000 after buying an additional 1,051,978 shares during the last quarter. HBK Sorce Advisory LLC increased its holdings in Schwab US Large-Cap ETF by 1.3% in the 4th quarter. HBK Sorce Advisory LLC now owns 34,479,165 shares of the company’s stock worth $939,212,000 after buying an additional 437,374 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Schwab US Large-Cap ETF by 5.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 30,984,972 shares of the company’s stock worth $833,806,000 after buying an additional 1,546,669 shares during the last quarter. Sage Financial Group Inc. raised its position in Schwab US Large-Cap ETF by 0.8% in the 3rd quarter. Sage Financial Group Inc. now owns 25,009,642 shares of the company’s stock worth $658,754,000 after buying an additional 199,289 shares during the last quarter. Finally, Captrust Financial Advisors lifted its stake in Schwab US Large-Cap ETF by 5.6% during the 4th quarter. Captrust Financial Advisors now owns 19,522,489 shares of the company’s stock valued at $525,350,000 after acquiring an additional 1,039,540 shares during the period.
Schwab US Large-Cap ETF Stock Performance
SCHX opened at $29.49 on Friday. The company’s 50-day simple moving average is $28.72 and its two-hundred day simple moving average is $27.49. The stock has a market capitalization of $71.11 billion, a P/E ratio of 25.66 and a beta of 1.01. Schwab US Large-Cap ETF has a 52-week low of $23.50 and a 52-week high of $29.95.
Schwab US Large-Cap ETF Profile
Schwab U.S. Large-Cap ETF (the Fund) goal is to track the total return of the Dow Jones U.S. Large-Cap Total Stock Market Index (the Index). The Fund’s index includes the large-cap portion of the Dow Jones U.S. Total Stock Market Index available to investors in the marketplace. The Dow Jones U.S. Large-Cap Total Stock Market Index includes the components ranked 1-750 by full market capitalization. The Index is a float-adjusted market capitalization weighted index. The types of derivatives used by the Fund are options, futures, options on futures and swaps.
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