Sherwood Financial Partners LLC Takes Position in Schwab US Large-Cap ETF (NYSEARCA:SCHX)

Sherwood Financial Partners LLC purchased a new stake in shares of Schwab US Large-Cap ETF (NYSEARCA:SCHX) during the 4th quarter, Holdings Channel reports. The fund purchased 1,439,364 shares of the company’s stock, valued at approximately $33,364,000. Schwab US Large-Cap ETF comprises 33.1% of Sherwood Financial Partners LLC’s investment portfolio, making the stock its biggest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SCHX. GAMMA Investing LLC grew its position in shares of Schwab US Large-Cap ETF by 199.8% in the 4th quarter. GAMMA Investing LLC now owns 1,481 shares of the company’s stock valued at $34,000 after purchasing an additional 987 shares during the period. Diversified Trust Co lifted its holdings in shares of Schwab US Large-Cap ETF by 200.0% in the fourth quarter. Diversified Trust Co now owns 14,937 shares of the company’s stock valued at $346,000 after purchasing an additional 9,958 shares in the last quarter. Wealth Group Ltd. boosted its position in shares of Schwab US Large-Cap ETF by 198.1% during the fourth quarter. Wealth Group Ltd. now owns 117,263 shares of the company’s stock worth $2,718,000 after buying an additional 77,928 shares during the period. Fortitude Family Office LLC boosted its position in Schwab US Large-Cap ETF by 200.0% during the 4th quarter. Fortitude Family Office LLC now owns 2,730 shares of the company’s stock worth $63,000 after acquiring an additional 1,820 shares during the last quarter. Finally, ORG Partners LLC lifted its position in Schwab US Large-Cap ETF by 301.6% during the 4th quarter. ORG Partners LLC now owns 47,232 shares of the company’s stock worth $1,095,000 after buying an additional 35,472 shares in the last quarter.

Schwab US Large-Cap ETF Stock Performance

NYSEARCA:SCHX opened at $22.34 on Friday. The stock’s 50-day simple moving average is $21.73 and its 200 day simple moving average is $22.95. The company has a market cap of $51.61 billion, a P/E ratio of 24.41 and a beta of 1.02. Schwab US Large-Cap ETF has a 52-week low of $19.00 and a 52-week high of $24.31.

Schwab US Large-Cap ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, March 31st. Shareholders of record on Wednesday, March 26th were given a dividend of $0.0668 per share. The ex-dividend date was Wednesday, March 26th.

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.