Modern Wealth Management LLC Sells 75,295 Shares of Schwab U.S. Large-Cap Growth ETF $SCHG

Modern Wealth Management LLC decreased its position in shares of Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) by 83.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,794 shares of the company’s stock after selling 75,295 shares during the period. Modern Wealth Management LLC’s holdings in Schwab U.S. Large-Cap Growth ETF were worth $435,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. RMG Wealth Management LLC increased its position in shares of Schwab U.S. Large-Cap Growth ETF by 228,621.0% during the 1st quarter. RMG Wealth Management LLC now owns 5,413,826 shares of the company’s stock valued at $157,705,000 after purchasing an additional 5,411,459 shares during the last quarter. American Financial Advisors LLC lifted its position in Schwab U.S. Large-Cap Growth ETF by 14.1% in the 1st quarter. American Financial Advisors LLC now owns 21,224 shares of the company’s stock worth $618,000 after buying an additional 2,630 shares during the last quarter. Sei Investments Co. boosted its stake in 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 worth $1,385,562,000 after buying an additional 3,356,829 shares in the last quarter. Ascension Capital Advisors Inc. boosted its stake in Schwab U.S. Large-Cap Growth ETF by 21.3% in the first quarter. Ascension Capital Advisors Inc. now owns 13,503 shares of the company’s stock worth $393,000 after buying an additional 2,367 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake in Schwab U.S. Large-Cap Growth ETF by 5.9% in the first quarter. Cetera Investment Advisers now owns 17,955,640 shares of the company’s stock worth $523,048,000 after buying an additional 995,373 shares in the last quarter.

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

SCHG stock opened at $33.58 on Tuesday. The company has a market capitalization of $58.75 billion, a PE ratio of 34.24 and a beta of 1.19. The company’s 50 day moving average price is $34.06 and its two-hundred day moving average price is $32.37. Schwab U.S. Large-Cap Growth ETF has a one year low of $27.96 and a one year high of $35.42.

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.