RMG Wealth Management LLC Buys 5,411,459 Shares of Schwab U.S. Large-Cap Growth ETF $SCHG

RMG Wealth Management LLC lifted its stake in Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) by 228,621.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,413,826 shares of the company’s stock after purchasing an additional 5,411,459 shares during the period. Schwab U.S. Large-Cap Growth ETF comprises about 18.8% of RMG Wealth Management LLC’s holdings, making the stock its 2nd largest holding. RMG Wealth Management LLC’s holdings in Schwab U.S. Large-Cap Growth ETF were worth $157,705,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Advisortrust Partners LLC purchased a new stake in shares of Schwab U.S. Large-Cap Growth ETF during the first quarter worth approximately $25,000. Garton & Associates Financial Advisors LLC purchased a new stake in shares of Schwab U.S. Large-Cap Growth ETF in the 4th quarter valued at approximately $27,000. Center for Financial Planning Inc. purchased a new stake in shares of Schwab U.S. Large-Cap Growth ETF in the 1st quarter valued at approximately $28,000. Cary Street Partners Investment Advisory LLC raised its holdings 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 purchasing an additional 1,019 shares in the last quarter. Finally, MBM Wealth Consultants LLC acquired a new stake in shares of Schwab U.S. Large-Cap Growth ETF in the 1st quarter valued at $48,000.

Schwab U.S. Large-Cap Growth ETF Trading Down 1.9%

Schwab U.S. Large-Cap Growth ETF stock opened at $33.40 on Friday. The company has a fifty day simple moving average of $34.09 and a 200-day simple moving average of $32.36. The stock has a market cap of $58.42 billion, a P/E ratio of 34.24 and a beta of 1.19. Schwab U.S. Large-Cap Growth ETF has a 12-month low of $27.96 and a 12-month 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.