Canal Capital Management LLC Purchases 795,509 Shares of Schwab US Large-Cap ETF $SCHX

Canal Capital Management LLC boosted its holdings in shares of Schwab US Large-Cap ETF (NYSEARCA:SCHX) by 4,048.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 815,158 shares of the company’s stock after buying an additional 795,509 shares during the quarter. Schwab US Large-Cap ETF accounts for about 2.8% of Canal Capital Management LLC’s portfolio, making the stock its 6th largest holding. Canal Capital Management LLC’s holdings in Schwab US Large-Cap ETF were worth $20,901,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Keybank National Association OH increased its holdings in Schwab US Large-Cap ETF by 11.2% in the first quarter. Keybank National Association OH now owns 85,757 shares of the company’s stock valued at $2,199,000 after buying an additional 8,608 shares in the last quarter. GPM Growth Investors Inc. increased its position in shares of Schwab US Large-Cap ETF by 4.8% in the first quarter. GPM Growth Investors Inc. now owns 294,803 shares of the company’s stock valued at $7,559,000 after buying an additional 13,594 shares in the last quarter. Stevens Capital Partners raised its stake in shares of Schwab US Large-Cap ETF by 19.0% during the 1st quarter. Stevens Capital Partners now owns 666,106 shares of the company’s stock worth $17,079,000 after buying an additional 106,241 shares during the period. BetterWealth LLC purchased a new stake in Schwab US Large-Cap ETF in the 1st quarter worth $293,000. Finally, Innova Wealth Partners purchased a new position in Schwab US Large-Cap ETF during the first quarter valued at $494,000.

Schwab US Large-Cap ETF Price Performance

Shares of NYSEARCA SCHX opened at $29.40 on Friday. Schwab US Large-Cap ETF has a 52-week low of $24.47 and a 52-week high of $29.95. The company’s 50-day simple moving average is $29.11 and its 200-day simple moving average is $27.66. The firm has a market cap of $71.56 billion, a price-to-earnings ratio of 25.66 and a beta of 1.00.

About Schwab US Large-Cap ETF

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. The Index is a float-adjusted market capitalization weighted index. The types of derivatives used by the Fund are options, futures, options on futures and swaps.