Truist Financial Corp Trims Stake in Schwab US Large-Cap ETF $SCHX

Truist Financial Corp reduced its stake in Schwab US Large-Cap ETF (NYSEARCA:SCHX) by 19.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 748,428 shares of the company’s stock after selling 183,607 shares during the quarter. Truist Financial Corp’s holdings in Schwab US Large-Cap ETF were worth $19,714,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Crews Bank & Trust purchased a new position in Schwab US Large-Cap ETF during the second quarter worth about $26,000. DiNuzzo Private Wealth Inc. increased its stake in shares of Schwab US Large-Cap ETF by 61.2% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 1,093 shares of the company’s stock valued at $28,000 after acquiring an additional 415 shares during the last quarter. Moser Wealth Advisors LLC purchased a new position in shares of Schwab US Large-Cap ETF during the 2nd quarter worth about $32,000. Mid American Wealth Advisory Group Inc. acquired a new stake in shares of Schwab US Large-Cap ETF in the second quarter worth approximately $33,000. Finally, Concord Wealth Partners purchased a new stake in Schwab US Large-Cap ETF in the second quarter valued at approximately $41,000.

Schwab US Large-Cap ETF Stock Performance

Shares of SCHX stock opened at $27.24 on Friday. The firm has a market capitalization of $64.39 billion, a price-to-earnings ratio of 25.66 and a beta of 1.01. Schwab US Large-Cap ETF has a one year low of $19.00 and a one year high of $27.54. The company has a 50 day moving average price of $27.08 and a 200 day moving average price of $26.33.

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.