Sunpointe LLC Invests $614,000 in Schwab U.S. Large-Cap Growth ETF $SCHG

Sunpointe LLC bought a new stake in Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 21,028 shares of the company’s stock, valued at approximately $614,000.

Several other hedge funds also recently added to or reduced their stakes in SCHG. Westbourne Investments Inc. grew its position in shares of Schwab U.S. Large-Cap Growth ETF by 3.0% during the second quarter. Westbourne Investments Inc. now owns 87,094 shares of the company’s stock worth $2,544,000 after acquiring an additional 2,502 shares during the last quarter. Fermata Advisors LLC raised its stake in Schwab U.S. Large-Cap Growth ETF by 35.2% in the 2nd quarter. Fermata Advisors LLC now owns 143,254 shares of the company’s stock valued at $4,184,000 after purchasing an additional 37,270 shares during the last quarter. Keystone Wealth Services LLC purchased a new stake in Schwab U.S. Large-Cap Growth ETF in the 2nd quarter valued at about $215,000. Thrive Wealth Management LLC grew its holdings in shares of Schwab U.S. Large-Cap Growth ETF by 6.0% during the 2nd quarter. Thrive Wealth Management LLC now owns 5,077,667 shares of the company’s stock worth $148,319,000 after purchasing an additional 289,455 shares during the period. Finally, Balefire LLC boosted its holdings in Schwab U.S. Large-Cap Growth ETF by 8.1% in the 2nd quarter. Balefire LLC now owns 10,342 shares of the company’s stock worth $302,000 after acquiring an additional 779 shares during the period.

Schwab U.S. Large-Cap Growth ETF Stock Down 0.1%

Shares of SCHG opened at $31.68 on Wednesday. The firm has a market cap of $48.58 billion, a price-to-earnings ratio of 34.24 and a beta of 1.10. Schwab U.S. Large-Cap Growth ETF has a 52-week low of $21.37 and a 52-week high of $31.77. The business’s 50 day moving average is $30.35 and its two-hundred day moving average is $27.76.

Schwab U.S. Large-Cap Growth ETF Profile

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.