Winthrop Capital Management LLC Lowers Stock Position in Schwab U.S. Large-Cap Growth ETF $SCHG

Winthrop Capital Management LLC reduced its position in Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) by 2.5% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 161,338 shares of the company’s stock after selling 4,083 shares during the period. Schwab U.S. Large-Cap Growth ETF accounts for about 1.2% of Winthrop Capital Management LLC’s holdings, making the stock its 25th largest holding. Winthrop Capital Management LLC’s holdings in Schwab U.S. Large-Cap Growth ETF were worth $4,713,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its holdings in shares of Schwab U.S. Large-Cap Growth ETF by 14.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 55,240,546 shares of the company’s stock worth $1,613,576,000 after purchasing an additional 6,979,991 shares during the period. Mather Group LLC. lifted its position in Schwab U.S. Large-Cap Growth ETF by 4.5% during the second quarter. Mather Group LLC. now owns 42,286,978 shares of the company’s stock valued at $1,235,203,000 after buying an additional 1,836,380 shares in the last quarter. LPL Financial LLC grew its stake in Schwab U.S. Large-Cap Growth ETF by 11.6% during the first quarter. LPL Financial LLC now owns 24,607,170 shares of the company’s stock worth $616,163,000 after buying an additional 2,554,009 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Schwab U.S. Large-Cap Growth ETF by 7.7% in the 1st quarter. Ameriprise Financial Inc. now owns 15,477,880 shares of the company’s stock valued at $387,608,000 after acquiring an additional 1,106,110 shares during the period. Finally, Raymond James Financial Inc. boosted its position in Schwab U.S. Large-Cap Growth ETF by 2.3% during the 1st quarter. Raymond James Financial Inc. now owns 14,822,162 shares of the company’s stock worth $371,147,000 after purchasing an additional 332,496 shares during the period.

Schwab U.S. Large-Cap Growth ETF Trading Down 0.2%

Shares of NYSEARCA SCHG opened at $32.36 on Friday. The stock has a fifty day moving average price of $32.00 and a 200 day moving average price of $29.76. Schwab U.S. Large-Cap Growth ETF has a 12-month low of $21.37 and a 12-month high of $33.74. The company has a market cap of $52.58 billion, a P/E ratio of 34.24 and a beta of 1.15.

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.