Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) Sets New 52-Week High – Time to Buy?

Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $34.26 and last traded at $34.13, with a volume of 10171705 shares trading hands. The stock had previously closed at $34.12.

Schwab U.S. Large-Cap Growth ETF Stock Performance

The firm has a market cap of $57.69 billion, a P/E ratio of 34.24 and a beta of 1.19. The stock has a fifty day simple moving average of $31.03 and a 200 day simple moving average of $31.83.

Institutional Trading of Schwab U.S. Large-Cap Growth ETF

Several hedge funds have recently bought and sold shares of the stock. Brighton Jones LLC raised its holdings in Schwab U.S. Large-Cap Growth ETF by 300.3% during the 4th quarter. Brighton Jones LLC now owns 12,182 shares of the company’s stock valued at $340,000 after buying an additional 9,139 shares during the period. Revolve Wealth Partners LLC raised its stake in Schwab U.S. Large-Cap Growth ETF by 294.8% in the 4th quarter. Revolve Wealth Partners LLC now owns 481,364 shares of the company’s stock worth $13,416,000 after acquiring an additional 359,429 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Schwab U.S. Large-Cap Growth ETF by 19.6% during the 1st quarter. AQR Capital Management LLC now owns 129,643 shares of the company’s stock valued at $3,246,000 after buying an additional 21,234 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Schwab U.S. Large-Cap Growth ETF by 285.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 520,761 shares of the company’s stock valued at $13,040,000 after buying an additional 385,822 shares during the last quarter. Finally, First Trust Advisors LP purchased a new position in shares of Schwab U.S. Large-Cap Growth ETF during the 2nd quarter valued at about $248,000.

About Schwab U.S. Large-Cap Growth ETF

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. Large-Cap Growth Total Stock Market Index includes the components ranked 1-750 by full market capitalization and that are classified as growth. The Index is a float-adjusted market capitalization weighted index.