Ballast Financial Advisors LLC Makes New Investment in Schwab U.S. Large-Cap Growth ETF $SCHG

Ballast Financial Advisors LLC bought a new position in Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 74,006 shares of the company’s stock, valued at approximately $2,414,000. Schwab U.S. Large-Cap Growth ETF makes up about 2.5% of Ballast Financial Advisors LLC’s investment portfolio, making the stock its 9th largest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cary Street Partners Investment Advisory LLC grew its position in shares of Schwab U.S. Large-Cap Growth ETF by 1,922.6% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 1,072 shares of the company’s stock valued at $35,000 after buying 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. REAP Financial Group LLC increased its stake 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 buying an additional 630 shares during the period. Finally, Dorato Capital Management acquired a new stake in shares of Schwab U.S. Large-Cap Growth ETF in the fourth quarter valued at about $58,000.

Schwab U.S. Large-Cap Growth ETF Trading Down 1.5%

Shares of SCHG stock opened at $33.46 on Thursday. The stock has a market cap of $56.56 billion, a price-to-earnings ratio of 34.24 and a beta of 1.19. The stock has a 50-day moving average of $33.36 and a 200-day moving average of $32.14. Schwab U.S. Large-Cap Growth ETF has a 1-year low of $27.68 and a 1-year high of $35.42.

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.