Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) Hits New 1-Year High – Here’s Why

Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $36.01 and last traded at $36.01, with a volume of 1374715 shares traded. The stock had previously closed at $35.86.

Schwab U.S. Large-Cap Growth ETF Stock Down 0.1%

The business’s 50 day simple moving average is $34.51 and its 200 day simple moving average is $32.86. The stock has a market cap of $62.85 billion, a price-to-earnings ratio of 34.24 and a beta of 1.19.

Institutional Investors Weigh In On Schwab U.S. Large-Cap Growth ETF

Hedge funds have recently bought and sold shares of the company. Brighton Jones LLC raised its stake in Schwab U.S. Large-Cap Growth ETF by 300.3% in the 4th quarter. Brighton Jones LLC now owns 12,182 shares of the company’s stock valued at $340,000 after acquiring an additional 9,139 shares during the period. Revolve Wealth Partners LLC raised its position in shares of Schwab U.S. Large-Cap Growth ETF by 294.8% in the fourth quarter. Revolve Wealth Partners LLC now owns 481,364 shares of the company’s stock valued at $13,416,000 after purchasing an additional 359,429 shares during the period. AQR Capital Management LLC lifted its stake in shares of Schwab U.S. Large-Cap Growth ETF by 19.6% during the 1st quarter. AQR Capital Management LLC now owns 129,643 shares of the company’s stock worth $3,246,000 after buying an additional 21,234 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Schwab U.S. Large-Cap Growth ETF by 285.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 520,761 shares of the company’s stock worth $13,040,000 after buying an additional 385,822 shares during the period. Finally, First Trust Advisors LP acquired a new position in Schwab U.S. Large-Cap Growth ETF in the 2nd quarter valued at about $248,000.

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.