Brookstone Capital Management Has $7.49 Million Stock Position in Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG)

Brookstone Capital Management recently reduced its stake in Schwab U.S. Large-Cap Growth ETF by 14.8% during the 1st quarter, according to its latest 13F filing with the Securities & Exchange Commission. The fund now holds 80,800 shares of the company’s stock, worth $7,492,000 after selling 13,994 shares.

Other institutional investors also made changes to their positions in the stock. For example, Thompson Investment Management Inc. increased its holdings by 32.2% in the 1st quarter, while Lederer & Associates Investment Counsel CA and Annex Advisory Services LLC also lifted their positions in the company during different periods.

Schwab U.S. Large-Cap Growth ETF opened at $101.61 on Friday, with a fifty-day moving average price of $95.18. The company has a market cap of $29.72 billion and a price-to-earnings ratio of 39.82. Its fifty-two week low and high are $69.78 and $102.03, respectively.

The Fund’s goal is 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.

DailyBubble sees potential in the Schwab U.S. Large-Cap Growth ETF, given its strong performance and strategic focus on tracking the Dow Jones U.S. Large-Cap Growth Total Stock Market Index. With institutional investors making adjustments to their positions, it indicates confidence in the company’s growth prospects. Investors may want to keep an eye on this ETF for potential opportunities in the market.

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