Merit Financial Group LLC Acquires 33,310 Shares of Schwab US Large-Cap ETF $SCHX

Merit Financial Group LLC boosted its holdings in Schwab US Large-Cap ETF (NYSEARCA:SCHX) by 7.7% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 465,081 shares of the company’s stock after acquiring an additional 33,310 shares during the quarter. Merit Financial Group LLC’s holdings in Schwab US Large-Cap ETF were worth $11,367,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of SCHX. CX Institutional lifted its position in Schwab US Large-Cap ETF by 27,108.8% during the second quarter. CX Institutional now owns 62,036 shares of the company’s stock valued at $1,516,000 after purchasing an additional 61,808 shares during the last quarter. QRG Capital Management Inc. raised its position in shares of Schwab US Large-Cap ETF by 8.2% during the 1st quarter. QRG Capital Management Inc. now owns 34,675 shares of the company’s stock valued at $766,000 after buying an additional 2,626 shares in the last quarter. Fifth Third Bancorp raised its position in shares of Schwab US Large-Cap ETF by 33.1% during the 1st quarter. Fifth Third Bancorp now owns 11,275 shares of the company’s stock valued at $249,000 after buying an additional 2,806 shares in the last quarter. Brown Advisory Inc. increased its stake in Schwab US Large-Cap ETF by 38.0% in the first quarter. Brown Advisory Inc. now owns 64,163 shares of the company’s stock valued at $1,417,000 after acquiring an additional 17,661 shares during the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC bought a new position in Schwab US Large-Cap ETF in the first quarter valued at $240,000.

Schwab US Large-Cap ETF Stock Down 0.1%

SCHX opened at $26.48 on Friday. The stock has a market cap of $61.36 billion, a PE ratio of 25.66 and a beta of 1.01. Schwab US Large-Cap ETF has a 52 week low of $19.00 and a 52 week high of $26.63. The business’s fifty day simple moving average is $25.68 and its 200 day simple moving average is $23.92.

About Schwab US Large-Cap ETF

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.