Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) Sets New 1-Year High – Still a Buy?

Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $34.74 and last traded at $34.68, with a volume of 1108955 shares. The stock had previously closed at $34.57.

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

The firm has a market capitalization of $58.94 billion, a P/E ratio of 34.24 and a beta of 1.19. The stock’s fifty day simple moving average is $31.92 and its 200 day simple moving average is $31.94.

Hedge Funds Weigh In On Schwab U.S. Large-Cap Growth ETF

A number of large investors have recently added to or reduced their stakes in SCHG. Advisortrust Partners LLC bought a new position in Schwab U.S. Large-Cap Growth ETF in the first quarter worth about $25,000. Garton & Associates Financial Advisors LLC bought a new position in Schwab U.S. Large-Cap Growth ETF in the fourth quarter worth about $27,000. REAP Financial Group LLC bought a new position in Schwab U.S. Large-Cap Growth ETF in the third quarter worth about $28,000. Center for Financial Planning Inc. bought a new position in Schwab U.S. Large-Cap Growth ETF in the first quarter worth about $28,000. Finally, Bessemer Group Inc. bought a new position in Schwab U.S. Large-Cap Growth ETF in the third quarter worth about $31,000.

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.