Independent Advisor Alliance Grows Stock Position in Schwab U.S. Large-Cap Growth ETF $SCHG

Independent Advisor Alliance lifted its stake in Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) by 57.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 181,109 shares of the company’s stock after purchasing an additional 65,918 shares during the period. Independent Advisor Alliance’s holdings in Schwab U.S. Large-Cap Growth ETF were worth $5,908,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in SCHG. Vantagepoint Investment Advisers LLC purchased a new position in shares of Schwab U.S. Large-Cap Growth ETF in the third quarter valued at $511,489,000. Envestnet Asset Management Inc. grew its position in shares of Schwab U.S. Large-Cap Growth ETF by 12.0% in the third quarter. Envestnet Asset Management Inc. now owns 61,891,690 shares of the company’s stock valued at $1,974,964,000 after purchasing an additional 6,651,144 shares in the last quarter. Koshinski Asset Management Inc. purchased a new position in shares of Schwab U.S. Large-Cap Growth ETF in the fourth quarter valued at $68,706,000. Lido Advisors LLC grew its position in shares of Schwab U.S. Large-Cap Growth ETF by 376.8% in the third quarter. Lido Advisors LLC now owns 2,476,025 shares of the company’s stock valued at $79,010,000 after purchasing an additional 1,956,695 shares in the last quarter. Finally, BIP Wealth LLC grew its position in shares of Schwab U.S. Large-Cap Growth ETF by 5,268.4% in the fourth quarter. BIP Wealth LLC now owns 1,779,503 shares of the company’s stock valued at $58,047,000 after purchasing an additional 1,746,355 shares in the last quarter.

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

Shares of NYSEARCA SCHG opened at $34.07 on Wednesday. The stock has a market cap of $57.59 billion, a PE ratio of 34.24 and a beta of 1.19. Schwab U.S. Large-Cap Growth ETF has a fifty-two week low of $26.80 and a fifty-two week high of $34.26. The stock has a fifty day moving average of $31.10 and a 200-day moving average of $31.84.

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.