Waverly Advisors LLC Buys 992,474 Shares of Schwab U.S. Large-Cap Growth ETF $SCHG

Waverly Advisors LLC increased its position in Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) by 39.3% in the 1st quarter, HoldingsChannel reports. The fund owned 3,515,835 shares of the company’s stock after buying an additional 992,474 shares during the quarter. Schwab U.S. Large-Cap Growth ETF makes up about 0.8% of Waverly Advisors LLC’s holdings, making the stock its 20th largest holding. Waverly Advisors LLC’s holdings in Schwab U.S. Large-Cap Growth ETF were worth $102,416,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Valpey Financial Services LLC lifted its holdings in Schwab U.S. Large-Cap Growth ETF by 3,085.3% during the fourth quarter. Valpey Financial Services LLC now owns 8,003,802 shares of the company’s stock valued at $245,365,000 after purchasing an additional 7,752,527 shares in the last quarter. Focus Partners Wealth increased its stake in shares of Schwab U.S. Large-Cap Growth ETF by 655.4% in the fourth quarter. Focus Partners Wealth now owns 6,602,251 shares of the company’s stock worth $215,286,000 after purchasing an additional 5,728,214 shares in the last quarter. RMG Wealth Management LLC increased its stake in shares of Schwab U.S. Large-Cap Growth ETF by 228,621.0% in the first quarter. RMG Wealth Management LLC now owns 5,413,826 shares of the company’s stock worth $157,705,000 after purchasing an additional 5,411,459 shares in the last quarter. Sei Investments Co. raised its position in shares of Schwab U.S. Large-Cap Growth ETF by 7.6% during the 1st quarter. Sei Investments Co. now owns 47,564,768 shares of the company’s stock valued at $1,385,562,000 after purchasing an additional 3,356,829 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Schwab U.S. Large-Cap Growth ETF by 9.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 37,744,872 shares of the company’s stock valued at $1,231,238,000 after purchasing an additional 3,230,427 shares during the period.

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

SCHG opened at $33.46 on Friday. Schwab U.S. Large-Cap Growth ETF has a fifty-two week low of $27.96 and a fifty-two week high of $35.42. The firm’s fifty day moving average is $34.07 and its 200 day moving average is $32.37. The stock has a market cap of $58.52 billion, a price-to-earnings ratio of 34.24 and a beta of 1.19.

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. 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.