Beacon Pointe Advisors LLC Boosts Stake in Schwab US Large-Cap ETF $SCHX

Beacon Pointe Advisors LLC grew its position in Schwab US Large-Cap ETF (NYSEARCA:SCHX) by 0.9% in the second quarter, Holdings Channel reports. The fund owned 6,043,038 shares of the company’s stock after acquiring an additional 52,341 shares during the quarter. Schwab US Large-Cap ETF accounts for 1.5% of Beacon Pointe Advisors LLC’s portfolio, making the stock its 10th largest holding. Beacon Pointe Advisors LLC’s holdings in Schwab US Large-Cap ETF were worth $147,692,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Crews Bank & Trust bought a new position in Schwab US Large-Cap ETF in the second quarter valued at about $26,000. Orion Capital Management LLC bought a new stake in shares of Schwab US Large-Cap ETF during the first quarter worth about $27,000. S.A. Mason LLC acquired a new position in shares of Schwab US Large-Cap ETF in the second quarter valued at approximately $29,000. Moser Wealth Advisors LLC bought a new position in Schwab US Large-Cap ETF in the 2nd quarter valued at approximately $32,000. Finally, Mid American Wealth Advisory Group Inc. bought a new position in Schwab US Large-Cap ETF in the 2nd quarter valued at approximately $33,000.

Schwab US Large-Cap ETF Price Performance

SCHX opened at $26.87 on Tuesday. Schwab US Large-Cap ETF has a fifty-two week low of $19.00 and a fifty-two week high of $27.27. The company’s 50 day moving average price is $26.54 and its two-hundred day moving average price is $25.36. The firm has a market capitalization of $62.39 billion, a price-to-earnings ratio of 25.66 and a beta of 1.01.

Schwab US Large-Cap ETF Company Profile

Schwab U.S. Large-Cap ETF (the Fund) goal is to track the total return of the Dow Jones U.S. Large-Cap Total Stock Market Index (the Index). The Fund’s index includes the large-cap portion of the Dow Jones U.S. Total Stock Market Index available to investors in the marketplace. The Dow Jones U.S. Large-Cap Total Stock Market Index includes the components ranked 1-750 by full market capitalization.