Schwab U.S. Large-Cap Growth ETF $SCHG is Summit Asset Management LLC’s 2nd Largest Position

Summit Asset Management LLC boosted its stake in shares of Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) by 3.2% during the first quarter, Holdings Channel reports. The firm owned 1,443,974 shares of the company’s stock after purchasing an additional 44,950 shares during the quarter. Schwab U.S. Large-Cap Growth ETF comprises about 5.9% of Summit Asset Management LLC’s holdings, making the stock its 2nd biggest position. Summit Asset Management LLC’s holdings in Schwab U.S. Large-Cap Growth ETF were worth $42,063,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Valpey Financial Services LLC raised its stake in Schwab U.S. Large-Cap Growth ETF by 3,085.3% during the 4th quarter. Valpey Financial Services LLC now owns 8,003,802 shares of the company’s stock valued at $245,365,000 after buying an additional 7,752,527 shares during the last quarter. Focus Partners Wealth boosted its stake in shares of Schwab U.S. Large-Cap Growth ETF by 655.4% in the 4th quarter. Focus Partners Wealth now owns 6,602,251 shares of the company’s stock worth $215,286,000 after buying an additional 5,728,214 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Schwab U.S. Large-Cap Growth ETF by 9.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 37,744,872 shares of the company’s stock worth $1,231,238,000 after buying an additional 3,230,427 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Schwab U.S. Large-Cap Growth ETF by 7,909.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 3,110,459 shares of the company’s stock worth $101,473,000 after acquiring an additional 3,071,625 shares during the period. Finally, BlueStem Wealth Partners LLC bought a new stake in shares of Schwab U.S. Large-Cap Growth ETF in the fourth quarter worth $92,090,000.

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

Schwab U.S. Large-Cap Growth ETF stock opened at $34.15 on Tuesday. The stock has a market cap of $59.76 billion, a PE ratio of 34.24 and a beta of 1.19. Schwab U.S. Large-Cap Growth ETF has a one year low of $27.96 and a one year high of $35.42. The stock has a fifty day moving average of $34.11 and a 200 day moving average of $32.34.

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.