NewEdge Wealth LLC Reduces Stock Position in Schwab U.S. Large-Cap Growth ETF $SCHG

NewEdge Wealth LLC decreased its position in Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) by 34.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 38,223 shares of the company’s stock after selling 20,023 shares during the quarter. NewEdge Wealth LLC’s holdings in Schwab U.S. Large-Cap Growth ETF were worth $1,113,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Advisortrust Partners LLC acquired a new stake in shares of Schwab U.S. Large-Cap Growth ETF during the 1st quarter worth about $25,000. Garton & Associates Financial Advisors LLC acquired a new position in shares of Schwab U.S. Large-Cap Growth ETF in the fourth quarter valued at approximately $27,000. Center for Financial Planning Inc. purchased a new position in shares of Schwab U.S. Large-Cap Growth ETF during the first quarter valued at approximately $28,000. Cary Street Partners Investment Advisory LLC lifted its stake in shares of Schwab U.S. Large-Cap Growth ETF by 1,922.6% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 1,072 shares of the company’s stock valued at $35,000 after buying an additional 1,019 shares during the period. Finally, MBM Wealth Consultants LLC acquired a new stake in Schwab U.S. Large-Cap Growth ETF during the first quarter worth approximately $48,000.

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

Shares of NYSEARCA SCHG opened at $33.58 on Tuesday. The firm has a market cap of $58.75 billion, a P/E ratio of 34.24 and a beta of 1.19. Schwab U.S. Large-Cap Growth ETF has a 1 year low of $27.96 and a 1 year high of $35.42. The firm’s 50 day moving average price is $34.06 and its 200 day moving average price is $32.37.

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.