Schwab US Large-Cap ETF (NYSEARCA:SCHX) Shares Bought by Destination Wealth Management

Destination Wealth Management grew its stake in shares of Schwab US Large-Cap ETF (NYSEARCA:SCHX) by 221.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,497,843 shares of the company’s stock after purchasing an additional 1,031,543 shares during the quarter. Schwab US Large-Cap ETF makes up about 1.1% of Destination Wealth Management’s holdings, making the stock its 28th biggest position. Destination Wealth Management owned 0.23% of Schwab US Large-Cap ETF worth $34,720,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. McClarren Financial Advisors Inc. purchased a new position in shares of Schwab US Large-Cap ETF during the fourth quarter worth approximately $25,000. Versant Capital Management Inc grew its position in Schwab US Large-Cap ETF by 201.0% in the 4th quarter. Versant Capital Management Inc now owns 1,261 shares of the company’s stock valued at $29,000 after buying an additional 842 shares during the last quarter. IFS Advisors LLC purchased a new position in Schwab US Large-Cap ETF in the 4th quarter valued at $30,000. Princeton Global Asset Management LLC grew its position in Schwab US Large-Cap ETF by 200.7% in the 4th quarter. Princeton Global Asset Management LLC now owns 1,299 shares of the company’s stock valued at $30,000 after buying an additional 867 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new position in Schwab US Large-Cap ETF in the 4th quarter valued at $32,000.

Schwab US Large-Cap ETF Price Performance

NYSEARCA:SCHX opened at $22.62 on Friday. The firm’s fifty day moving average price is $23.64 and its 200 day moving average price is $23.17. Schwab US Large-Cap ETF has a 1-year low of $19.50 and a 1-year high of $24.31. The firm has a market cap of $50.67 billion, a price-to-earnings ratio of 26.64 and a beta of 1.02.

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.