Connectus Wealth LLC recently reduced its holdings in Schwab US Large-Cap ETF (NYSEARCA:SCHX) by 0.8% in the fourth quarter, as reported in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor sold 597 shares, leaving them with 78,410 shares valued at $4,422,000 at the end of the quarter.
Other large investors have also made moves with SCHX, including Providence Capital Advisors LLC, Cordant Inc., Northwest Financial Advisors, Frazier Financial Advisors LLC, and Fortitude Family Office LLC.
In terms of stock performance, SCHX opened at $63.10 on Monday with a 50-day simple moving average of $61.37 and a two-hundred day simple moving average of $59.10. The company’s market capitalization stands at $41.13 billion, with a PE ratio of 26.53 and a beta of 1.02.
Schwab U.S. Large-Cap ETF aims to track the total return of the Dow Jones U.S. Large-Cap Total Stock Market Index. The index includes the large-cap portion of the Dow Jones U.S. Total Stock Market Index, ranking components 1-750 by full market capitalization.
DailyBubble sees potential in the continued interest from large investors in SCHX, indicating confidence in the fund’s performance and stability. As the market continues to evolve, ETFs like SCHX offer a reliable option for investors looking to diversify their portfolios.