Gleason Group Inc. Cuts Holdings in Schwab U.S. Large-Cap Growth ETF $SCHG

Gleason Group Inc. lowered its stake in shares of Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) by 6.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 224,645 shares of the company’s stock after selling 15,828 shares during the period. Schwab U.S. Large-Cap Growth ETF accounts for about 0.7% of Gleason Group Inc.’s investment portfolio, making the stock its 17th biggest holding. Gleason Group Inc.’s holdings in Schwab U.S. Large-Cap Growth ETF were worth $7,168,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Envestnet Asset Management Inc. raised its position in shares of Schwab U.S. Large-Cap Growth ETF by 14.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 55,240,546 shares of the company’s stock worth $1,613,576,000 after acquiring an additional 6,979,991 shares in the last quarter. Sei Investments Co. boosted its position 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 valued at $1,336,220,000 after purchasing an additional 4,524,057 shares in the last quarter. Mather Group LLC. boosted its position in Schwab U.S. Large-Cap Growth ETF by 4.5% during the second quarter. Mather Group LLC. now owns 42,286,978 shares of the company’s stock valued at $1,235,203,000 after purchasing an additional 1,836,380 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Schwab U.S. Large-Cap Growth ETF by 653.7% in the second quarter. Charles Schwab Investment Management Inc. now owns 32,809,028 shares of the company’s stock valued at $958,352,000 after purchasing an additional 28,455,790 shares during the last quarter. Finally, Osaic Holdings Inc. grew its stake in Schwab U.S. Large-Cap Growth ETF by 6.7% in the second quarter. Osaic Holdings Inc. now owns 18,835,687 shares of the company’s stock valued at $549,441,000 after purchasing an additional 1,175,660 shares during the last quarter.

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

SCHG stock opened at $33.09 on Friday. The firm has a market cap of $53.77 billion, a price-to-earnings ratio of 34.24 and a beta of 1.15. The firm has a 50-day simple moving average of $32.64 and a two-hundred day simple moving average of $31.14. Schwab U.S. Large-Cap Growth ETF has a one year low of $21.37 and a one 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.