Envestnet Asset Management Inc. Sells 2,676,595 Shares of Schwab U.S. Large-Cap Growth ETF $SCHG

Envestnet Asset Management Inc. decreased its stake in Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) by 4.2% during the 2nd quarter, HoldingsChannel reports. The fund owned 61,784,989 shares of the company’s stock after selling 2,676,595 shares during the period. Envestnet Asset Management Inc.’s holdings in Schwab U.S. Large-Cap Growth ETF were worth $2,090,804,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Security National Bank of Sioux City Iowa IA acquired a new position in shares of Schwab U.S. Large-Cap Growth ETF during the second quarter valued at about $63,000. Cherry Tree Wealth Management LLC acquired a new position in Schwab U.S. Large-Cap Growth ETF in the 2nd quarter valued at approximately $97,000. Talon Private Wealth LLC acquired a new stake in shares of Schwab U.S. Large-Cap Growth ETF during the 2nd quarter worth approximately $1,502,000. Van Hulzen Asset Management LLC increased its position in shares of Schwab U.S. Large-Cap Growth ETF by 7.1% during the second quarter. Van Hulzen Asset Management LLC now owns 19,140 shares of the company’s stock valued at $648,000 after purchasing an additional 1,267 shares during the period. Finally, Cahill Financial Advisors Inc. increased its position in shares of Schwab U.S. Large-Cap Growth ETF by 1.5% during the second quarter. Cahill Financial Advisors Inc. now owns 294,569 shares of the company’s stock valued at $9,968,000 after purchasing an additional 4,307 shares during the period.

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

Shares of NYSEARCA SCHG traded down $0.32 during trading hours on Wednesday, reaching $36.00. The stock had a trading volume of 8,584,131 shares, compared to its average volume of 12,571,731. The company has a market cap of $66.90 billion, a price-to-earnings ratio of 34.24 and a beta of 1.19. Schwab U.S. Large-Cap Growth ETF has a twelve month low of $27.96 and a twelve month high of $36.43. The business’s fifty day moving average is $35.07 and its two-hundred day moving average is $33.45.

Schwab U.S. Large-Cap Growth ETF Company 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.