Schwab U.S. Large-Cap Growth ETF $SCHG Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its position in Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) by 12.0% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 61,891,690 shares of the company’s stock after purchasing an additional 6,651,144 shares during the period. Schwab U.S. Large-Cap Growth ETF accounts for approximately 0.6% of Envestnet Asset Management Inc.’s portfolio, making the stock its 29th biggest holding. Envestnet Asset Management Inc. owned approximately 3.89% of Schwab U.S. Large-Cap Growth ETF worth $1,974,964,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in SCHG. Crews Bank & Trust acquired a new position in shares of Schwab U.S. Large-Cap Growth ETF in the 3rd quarter worth approximately $25,000. Mid American Wealth Advisory Group Inc. purchased a new position in shares of Schwab U.S. Large-Cap Growth ETF during the second quarter worth $26,000. Westfuller Advisors LLC purchased a new position in shares of Schwab U.S. Large-Cap Growth ETF during the third quarter worth $26,000. Atlantic Union Bankshares Corp acquired a new stake in shares of Schwab U.S. Large-Cap Growth ETF in the second quarter valued at $29,000. Finally, Key Financial Inc raised its holdings in shares of Schwab U.S. Large-Cap Growth ETF by 148.6% in the 2nd quarter. Key Financial Inc now owns 1,233 shares of the company’s stock valued at $36,000 after buying an additional 737 shares during the period.

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

Shares of NYSEARCA SCHG opened at $31.44 on Wednesday. Schwab U.S. Large-Cap Growth ETF has a fifty-two week low of $21.37 and a fifty-two week high of $33.74. The stock’s 50-day simple moving average is $32.58 and its 200-day simple moving average is $31.86. The firm has a market capitalization of $51.46 billion, a PE ratio of 34.24 and a beta of 1.15.

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.