Cornerstone Wealth Group LLC Sells 48,808 Shares of Schwab US Large-Cap ETF $SCHX

Cornerstone Wealth Group LLC lowered its holdings in shares of Schwab US Large-Cap ETF (NYSEARCA:SCHX) by 3.8% during the first quarter, Holdings Channel reports. The firm owned 1,222,961 shares of the company’s stock after selling 48,808 shares during the period. Schwab US Large-Cap ETF accounts for about 2.2% of Cornerstone Wealth Group LLC’s portfolio, making the stock its 8th largest position. Cornerstone Wealth Group LLC’s holdings in Schwab US Large-Cap ETF were worth $33,974,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SCHX. IFC & Insurance Marketing Inc. acquired a new position in Schwab US Large-Cap ETF during the fourth quarter worth $25,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Schwab US Large-Cap ETF in the third quarter worth about $26,000. Optima Capital LLC bought a new stake in shares of Schwab US Large-Cap ETF during the 4th quarter worth about $29,000. Tidemark LLC boosted its stake in shares of Schwab US Large-Cap ETF by 474.3% during the 4th quarter. Tidemark LLC now owns 1,275 shares of the company’s stock worth $34,000 after acquiring an additional 1,053 shares in the last quarter. Finally, Acumen Wealth Advisors LLC bought a new stake in shares of Schwab US Large-Cap ETF during the 4th quarter worth about $39,000.

Schwab US Large-Cap ETF Stock Performance

Shares of NYSEARCA SCHX opened at $28.79 on Friday. The business’s 50-day simple moving average is $28.96 and its 200-day simple moving average is $27.57. Schwab US Large-Cap ETF has a 52 week low of $24.17 and a 52 week high of $29.95. The firm has a market cap of $69.42 billion, a price-to-earnings ratio of 25.66 and a beta of 1.01.

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.