Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) Shares Purchased by Summit Asset Management LLC

Summit Asset Management LLC increased its position in shares of Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) by 317.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,369,929 shares of the company’s stock after purchasing an additional 1,041,538 shares during the quarter. Schwab U.S. Large-Cap Growth ETF accounts for approximately 6.7% of Summit Asset Management LLC’s investment portfolio, making the stock its 2nd largest holding. Summit Asset Management LLC owned 0.47% of Schwab U.S. Large-Cap Growth ETF worth $38,180,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of SCHG. Hantz Financial Services Inc. acquired a new position in Schwab U.S. Large-Cap Growth ETF in the third quarter valued at approximately $56,000. Tidemark LLC increased its position in shares of Schwab U.S. Large-Cap Growth ETF by 119.8% in the third quarter. Tidemark LLC now owns 734 shares of the company’s stock valued at $76,000 after buying an additional 400 shares in the last quarter. Valley Wealth Managers Inc. increased 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 buying an additional 678 shares in the last quarter. Providence Capital Advisors LLC purchased a new stake in shares of Schwab U.S. Large-Cap Growth ETF during the third quarter worth approximately $105,000. Finally, Versant Capital Management Inc increased its position in shares of Schwab U.S. Large-Cap Growth ETF by 300.4% during the fourth quarter. Versant Capital Management Inc now owns 1,017 shares of the company’s stock worth $28,000 after purchasing an additional 763 shares in the last quarter.

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

Shares of SCHG opened at $28.01 on Friday. The stock has a 50 day moving average price of $28.44 and a 200 day moving average price of $27.02. The stock has a market capitalization of $8.19 billion, a price-to-earnings ratio of 39.82 and a beta of 1.25. Schwab U.S. Large-Cap Growth ETF has a one year low of $21.68 and a one year high of $29.14.

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.