Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) Reaches New 1-Year High – What’s Next?

Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG)’s share price reached a new 52-week high on Friday. The stock traded as high as $36.46 and last traded at $36.43, with a volume of 579535 shares trading hands. The stock had previously closed at $36.00.

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

The firm has a market capitalization of $64.77 billion, a price-to-earnings ratio of 34.24 and a beta of 1.19. The business has a fifty day moving average price of $35.32 and a two-hundred day moving average price of $33.72.

Hedge Funds Weigh In On Schwab U.S. Large-Cap Growth ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vise Technologies Inc. grew its holdings in shares of Schwab U.S. Large-Cap Growth ETF by 159.8% in the fourth quarter. Vise Technologies Inc. now owns 51,074 shares of the company’s stock valued at $1,666,000 after purchasing an additional 31,412 shares during the period. XML Financial LLC increased its position in Schwab U.S. Large-Cap Growth ETF by 8.6% during the first quarter. XML Financial LLC now owns 1,631,157 shares of the company’s stock worth $47,516,000 after purchasing an additional 129,500 shares during the last quarter. MML Investors Services LLC raised its stake in Schwab U.S. Large-Cap Growth ETF by 15.3% during the fourth quarter. MML Investors Services LLC now owns 11,726,425 shares of the company’s stock worth $382,516,000 after purchasing an additional 1,552,141 shares during the period. Catalyst Investment Management LLC purchased a new position in Schwab U.S. Large-Cap Growth ETF during the fourth quarter worth about $2,164,000. Finally, S&A Financial Services Inc. acquired a new position in Schwab U.S. Large-Cap Growth ETF in the 1st quarter valued at about $7,527,000.

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.