Janney Montgomery Scott LLC Grows Holdings in Schwab US Large-Cap ETF (NYSEARCA:SCHX)

Janney Montgomery Scott LLC recently increased its position in Schwab US Large-Cap ETF by 0.5% during the 1st quarter, according to the company’s latest Form 13F filing with the SEC. The firm now owns 35,290 shares of the company’s stock, valued at $2,190,000. Other hedge funds and institutional investors have also made changes to their holdings in the company. Ballast Advisors LLC saw a 2.2% increase in their holdings, while Klingman & Associates LLC purchased a new position. Avior Wealth Management LLC and Mission Wealth Management LP both boosted their stakes in the ETF, and Diversify Advisory Services LLC also bought a new position in the 1st quarter.

Schwab US Large-Cap ETF is currently trading up 0.7%, with a 12 month low of $48.31 and a high of $66.58. The ETF has a market capitalization of $43.16 billion, a PE ratio of 26.53, and a beta of 1.02. The Fund’s goal is to track the total return of the Dow Jones U.S. Large-Cap Total Stock Market Index, which includes the large-cap portion of the Dow Jones U.S. Total Stock Market Index.

In DailyBubble’s opinion, the increase in positions by various institutional investors reflects a positive sentiment towards Schwab US Large-Cap ETF. The ETF’s performance in the market, with a trading increase of 0.7%, further supports this sentiment. It will be interesting to see how the ETF continues to perform in the coming months.