Schwab US Large-Cap ETF $SCHX Position Lowered by Summit Financial Consulting LLC

Summit Financial Consulting LLC trimmed its position in Schwab US Large-Cap ETF (NYSEARCA:SCHX) by 38.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 311,137 shares of the company’s stock after selling 191,546 shares during the period. Schwab US Large-Cap ETF accounts for approximately 6.9% of Summit Financial Consulting LLC’s investment portfolio, making the stock its 4th biggest position. Summit Financial Consulting LLC’s holdings in Schwab US Large-Cap ETF were worth $9,334,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of SCHX. Fortitude Advisory Group L.L.C. raised its position in Schwab US Large-Cap ETF by 3.2% in the third quarter. Fortitude Advisory Group L.L.C. now owns 58,223 shares of the company’s stock valued at $1,747,000 after purchasing an additional 1,823 shares during the last quarter. Community Financial Services Group LLC acquired a new stake in shares of Schwab US Large-Cap ETF during the third quarter valued at about $155,000. Brindle & Bay Financial Advisors LLC bought a new stake in shares of Schwab US Large-Cap ETF during the third quarter worth about $243,000. WealthPlan Investment Management LLC grew its holdings in shares of Schwab US Large-Cap ETF by 1.4% during the third quarter. WealthPlan Investment Management LLC now owns 248,701 shares of the company’s stock worth $7,461,000 after purchasing an additional 3,466 shares during the last quarter. Finally, Wall Capital Group Inc. bought a new stake in shares of Schwab US Large-Cap ETF during the third quarter worth about $204,000.

Schwab US Large-Cap ETF Price Performance

Schwab US Large-Cap ETF stock opened at $30.35 on Friday. The business has a 50 day moving average of $30.30 and a 200-day moving average of $29.30. Schwab US Large-Cap ETF has a 1 year low of $24.81 and a 1 year high of $30.79. The company has a market capitalization of $74.64 billion, a P/E 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.