Financial Advocates Investment Management Trims Stake in Schwab U.S. Large-Cap Growth ETF $SCHG

Financial Advocates Investment Management lowered its position in Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) by 83.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,794 shares of the company’s stock after selling 69,016 shares during the period. Financial Advocates Investment Management’s holdings in Schwab U.S. Large-Cap Growth ETF were worth $440,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Envestnet Asset Management Inc. lifted its holdings in Schwab U.S. Large-Cap Growth ETF by 12.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 61,891,690 shares of the company’s stock valued at $1,974,964,000 after buying an additional 6,651,144 shares in the last quarter. Sei Investments Co. lifted its holdings in Schwab U.S. Large-Cap Growth ETF by 11.0% during the second quarter. Sei Investments Co. now owns 45,745,266 shares of the company’s stock worth $1,336,220,000 after buying an additional 4,524,057 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Schwab U.S. Large-Cap Growth ETF by 653.7% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 32,809,028 shares of the company’s stock worth $958,352,000 after purchasing an additional 28,455,790 shares during the last quarter. Osaic Holdings Inc. lifted its position in shares of Schwab U.S. Large-Cap Growth ETF by 6.7% during the second quarter. Osaic Holdings Inc. now owns 18,835,687 shares of the company’s stock valued at $549,441,000 after buying an additional 1,175,660 shares during the last quarter. Finally, Vantagepoint Investment Advisers LLC acquired a new stake in Schwab U.S. Large-Cap Growth ETF in the third quarter valued at approximately $511,489,000.

Schwab U.S. Large-Cap Growth ETF Price Performance

Shares of SCHG stock opened at $30.51 on Friday. The company has a market cap of $49.94 billion, a price-to-earnings ratio of 34.24 and a beta of 1.15. The stock’s fifty day moving average price is $32.34 and its 200 day moving average price is $31.88. Schwab U.S. Large-Cap Growth ETF has a 1-year low of $21.37 and a 1-year high of $33.74.

Schwab U.S. Large-Cap Growth ETF Profile

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