NewEdge Wealth LLC Increases Position in Schwab U.S. Large-Cap Growth ETF $SCHG

NewEdge Wealth LLC increased its position in shares of Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) by 60.8% during the fourth quarter, Holdings Channel reports. The fund owned 58,246 shares of the company’s stock after acquiring an additional 22,027 shares during the quarter. NewEdge Wealth LLC’s holdings in Schwab U.S. Large-Cap Growth ETF were worth $1,900,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. grew its stake in Schwab U.S. Large-Cap Growth ETF by 12.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 61,891,690 shares of the company’s stock worth $1,974,964,000 after acquiring an additional 6,651,144 shares during the period. Vantagepoint Investment Advisers LLC grew its stake in Schwab U.S. Large-Cap Growth ETF by 6.5% in the 4th quarter. Vantagepoint Investment Advisers LLC now owns 17,067,494 shares of the company’s stock worth $556,742,000 after acquiring an additional 1,038,388 shares during the period. Ameriprise Financial Inc. grew its stake in Schwab U.S. Large-Cap Growth ETF by 8.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 16,720,317 shares of the company’s stock worth $533,385,000 after acquiring an additional 1,261,913 shares during the period. Raymond James Financial Inc. grew its stake in Schwab U.S. Large-Cap Growth ETF by 3.3% in the 2nd quarter. Raymond James Financial Inc. now owns 15,317,027 shares of the company’s stock worth $447,410,000 after acquiring an additional 494,865 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Schwab U.S. Large-Cap Growth ETF by 9.1% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 10,027,556 shares of the company’s stock worth $319,979,000 after acquiring an additional 840,550 shares during the period.

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

SCHG stock opened at $34.32 on Thursday. The stock has a market capitalization of $58.01 billion, a P/E ratio of 34.24 and a beta of 1.19. Schwab U.S. Large-Cap Growth ETF has a one year low of $26.80 and a one year high of $34.43. The company has a 50 day moving average price of $31.17 and a two-hundred day moving average price of $31.85.

Schwab U.S. Large-Cap Growth ETF Company 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. 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.