Wealthfront Advisers LLC Grows Stake in Schwab U.S. Large-Cap Growth ETF $SCHG

Wealthfront Advisers LLC increased its position in Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) by 26.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 135,197 shares of the company’s stock after purchasing an additional 28,347 shares during the period. Wealthfront Advisers LLC’s holdings in Schwab U.S. Large-Cap Growth ETF were worth $4,314,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Crews Bank & Trust purchased a new position in Schwab U.S. Large-Cap Growth ETF in the 3rd quarter worth approximately $25,000. Mid American Wealth Advisory Group Inc. bought a new stake in shares of Schwab U.S. Large-Cap Growth ETF in the 2nd quarter worth $26,000. Westfuller Advisors LLC bought a new position in shares of Schwab U.S. Large-Cap Growth ETF during the third quarter valued at $26,000. REAP Financial Group LLC bought a new position in Schwab U.S. Large-Cap Growth ETF during the 3rd quarter valued at about $28,000. Finally, Atlantic Union Bankshares Corp purchased a new stake in shares of Schwab U.S. Large-Cap Growth ETF during the 2nd quarter valued at about $29,000.

Schwab U.S. Large-Cap Growth ETF Stock Down 2.0%

SCHG opened at $30.51 on Friday. The stock has a market capitalization of $49.94 billion, a price-to-earnings ratio of 34.24 and a beta of 1.15. The firm has a 50 day moving average price of $32.34 and a 200-day moving average price of $31.88. Schwab U.S. Large-Cap Growth ETF has a twelve month low of $21.37 and a twelve month high of $33.74.

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.