Arax Advisory Partners Takes Position in Schwab U.S. Large-Cap Growth ETF $SCHG

Arax Advisory Partners bought a new stake in Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) during the fourth quarter, HoldingsChannel reports. The firm bought 146,435 shares of the company’s stock, valued at approximately $4,777,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bessemer Group Inc. acquired a new stake in shares of Schwab U.S. Large-Cap Growth ETF in the third quarter valued at about $31,000. Cary Street Partners Investment Advisory LLC increased its position in shares of Schwab U.S. Large-Cap Growth ETF by 1,922.6% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 1,072 shares of the company’s stock valued at $35,000 after acquiring an additional 1,019 shares during the last quarter. Manning & Napier Advisors LLC acquired a new stake in shares of Schwab U.S. Large-Cap Growth ETF in the fourth quarter valued at about $49,000. Kingdom Financial Group LLC. acquired a new stake in shares of Schwab U.S. Large-Cap Growth ETF in the fourth quarter valued at about $49,000. Finally, REAP Financial Group LLC increased its position in shares of Schwab U.S. Large-Cap Growth ETF by 70.8% in the fourth quarter. REAP Financial Group LLC now owns 1,520 shares of the company’s stock valued at $50,000 after acquiring an additional 630 shares during the last quarter.

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

NYSEARCA:SCHG opened at $33.42 on Monday. The stock’s 50-day simple moving average is $33.10 and its 200 day simple moving average is $32.11. The company has a market cap of $56.49 billion, a P/E ratio of 34.24 and a beta of 1.19. Schwab U.S. Large-Cap Growth ETF has a 52-week low of $27.68 and a 52-week high of $35.42.

Schwab U.S. Large-Cap Growth ETF Company 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.