Connectus Wealth LLC has reduced its position in the Schwab U.S. Large-Cap Growth ETF by 25% in the fourth quarter, according to a recent filing with the SEC. The institutional investor sold 13,959 shares, leaving them with 41,843 shares valued at $3,471,000.
Other institutional investors and hedge funds have also made changes to their positions in the stock. Envestnet Asset Management Inc. increased its holdings in the ETF by 25.6% during the fourth quarter. They now own 7,938,982 shares worth $658,618,000. Focus Financial Network Inc. ADV and Burkett Financial Services LLC acquired new stakes in the ETF, while International Assets Investment Management LLC significantly increased their stake.
On Monday, shares of SCHG stock opened at $97.11. The ETF has a market cap of $28.40 billion, a P/E ratio of 39.82, and a beta of 1.25. Its fifty-day moving average price is $92.70, and the two-hundred day moving average price is $88.53. The ETF’s one-year low is $69.78 and its one-year high is $97.65.
The Schwab U.S. Large-Cap Growth ETF aims to track the total return of the Dow Jones U.S. Large-Cap Growth Total Stock Market Index. This index includes the large-cap growth portion of the Dow Jones U.S. Total Stock Market Index available to investors in the marketplace.
In DailyBubble’s opinion, the changes in positions by institutional investors and hedge funds indicate a strong interest in the Schwab U.S. Large-Cap Growth ETF. With a solid performance history and a focus on large-cap growth stocks, this ETF presents a compelling investment opportunity for those looking to capitalize on market trends.