NewEdge Wealth LLC Raises Stock Position in Schwab U.S. Large-Cap Growth ETF $SCHG

NewEdge Wealth LLC raised its stake in Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) by 60.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 58,246 shares of the company’s stock after buying an additional 22,027 shares during the period. NewEdge Wealth LLC’s holdings in Schwab U.S. Large-Cap Growth ETF were worth $1,900,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. increased its holdings in Schwab U.S. Large-Cap Growth ETF by 12.0% in the third 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. Vantagepoint Investment Advisers LLC increased its holdings in Schwab U.S. Large-Cap Growth ETF by 6.5% in the fourth quarter. Vantagepoint Investment Advisers LLC now owns 17,067,494 shares of the company’s stock valued at $556,742,000 after buying an additional 1,038,388 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Schwab U.S. Large-Cap Growth ETF by 8.2% in the third quarter. Ameriprise Financial Inc. now owns 16,720,317 shares of the company’s stock valued at $533,385,000 after buying an additional 1,261,913 shares in the last quarter. Raymond James Financial Inc. increased its holdings in Schwab U.S. Large-Cap Growth ETF by 3.3% in the second quarter. Raymond James Financial Inc. now owns 15,317,027 shares of the company’s stock valued at $447,410,000 after buying an additional 494,865 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in Schwab U.S. Large-Cap Growth ETF by 9.1% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 10,027,556 shares of the company’s stock valued at $319,979,000 after buying an additional 840,550 shares in the last quarter.

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

Shares of SCHG opened at $34.32 on Thursday. The firm has a 50 day simple moving average of $31.17 and a 200-day simple moving average of $31.85. Schwab U.S. Large-Cap Growth ETF has a 1-year low of $26.80 and a 1-year high of $34.43. The stock has a market cap of $58.01 billion, a price-to-earnings ratio of 34.24 and a beta of 1.19.

About Schwab U.S. Large-Cap Growth ETF

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.