Ballast Financial Advisors LLC Invests $11.18 Million in Schwab US Large-Cap ETF $SCHX

Ballast Financial Advisors LLC bought a new position in Schwab US Large-Cap ETF (NYSEARCA:SCHX) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 415,341 shares of the company’s stock, valued at approximately $11,177,000. Schwab US Large-Cap ETF makes up approximately 11.5% of Ballast Financial Advisors LLC’s portfolio, making the stock its largest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. IFC & Insurance Marketing Inc. purchased a new stake in shares of Schwab US Large-Cap ETF in the 4th quarter worth approximately $25,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Schwab US Large-Cap ETF in the 3rd quarter worth approximately $26,000. Optima Capital LLC purchased a new stake in shares of Schwab US Large-Cap ETF in the 4th quarter worth approximately $29,000. Tidemark LLC grew its stake in shares of Schwab US Large-Cap ETF by 474.3% in the 4th quarter. Tidemark LLC now owns 1,275 shares of the company’s stock worth $34,000 after buying an additional 1,053 shares during the last quarter. Finally, Acumen Wealth Advisors LLC purchased a new stake in shares of Schwab US Large-Cap ETF in the 4th quarter worth approximately $39,000.

Schwab US Large-Cap ETF Stock Down 1.2%

Schwab US Large-Cap ETF stock opened at $29.19 on Thursday. The company has a market capitalization of $70.39 billion, a P/E ratio of 25.66 and a beta of 1.01. The stock’s 50 day moving average is $28.65 and its 200 day moving average is $27.47. Schwab US Large-Cap ETF has a twelve month low of $23.50 and a twelve month high of $29.95.

Schwab US Large-Cap ETF Profile

Schwab U.S. Large-Cap ETF (the Fund) goal is to track the total return of the Dow Jones U.S. Large-Cap Total Stock Market Index (the Index). The Fund’s index includes the large-cap portion of the Dow Jones U.S. Total Stock Market Index available to investors in the marketplace. The Dow Jones U.S. Large-Cap Total Stock Market Index includes the components ranked 1-750 by full market capitalization. The Index is a float-adjusted market capitalization weighted index. The types of derivatives used by the Fund are options, futures, options on futures and swaps.