Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) is Summit Asset Management LLC’s 2nd Largest Position

Summit Asset Management LLC grew its stake in shares of Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) by 317.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,369,929 shares of the company’s stock after acquiring an additional 1,041,538 shares during the quarter. Schwab U.S. Large-Cap Growth ETF accounts for 6.7% of Summit Asset Management LLC’s portfolio, making the stock its 2nd largest position. Summit Asset Management LLC’s holdings in Schwab U.S. Large-Cap Growth ETF were worth $38,180,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Valley Wealth Managers Inc. grew its position in shares of Schwab U.S. Large-Cap Growth ETF by 300.0% in the fourth quarter. Valley Wealth Managers Inc. now owns 904 shares of the company’s stock valued at $25,000 after purchasing an additional 678 shares during the period. Versant Capital Management Inc grew its position in shares of Schwab U.S. Large-Cap Growth ETF by 300.4% in the fourth quarter. Versant Capital Management Inc now owns 1,017 shares of the company’s stock valued at $28,000 after purchasing an additional 763 shares during the period. Human Investing LLC purchased a new stake in shares of Schwab U.S. Large-Cap Growth ETF in the fourth quarter valued at $29,000. Tsfg LLC grew its position in shares of Schwab U.S. Large-Cap Growth ETF by 300.0% in the fourth quarter. Tsfg LLC now owns 1,200 shares of the company’s stock valued at $33,000 after purchasing an additional 900 shares during the period. Finally, MeadowBrook Investment Advisors LLC grew its position in shares of Schwab U.S. Large-Cap Growth ETF by 300.0% in the fourth quarter. MeadowBrook Investment Advisors LLC now owns 1,244 shares of the company’s stock valued at $35,000 after purchasing an additional 933 shares during the period.

Schwab U.S. Large-Cap Growth ETF Stock Down 2.5 %

Shares of NYSEARCA:SCHG opened at $28.01 on Friday. The company has a market cap of $8.19 billion, a P/E ratio of 39.82 and a beta of 1.25. Schwab U.S. Large-Cap Growth ETF has a 52 week low of $21.68 and a 52 week high of $29.14. The business has a fifty day simple moving average of $28.44 and a 200-day simple moving average of $27.02.

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.