58,879 Shares in Schwab U.S. Large-Cap Growth ETF $SCHG Purchased by Payne Capital LLC

Payne Capital LLC purchased a new position in shares of Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 58,879 shares of the company’s stock, valued at approximately $1,879,000. Schwab U.S. Large-Cap Growth ETF makes up 1.9% of Payne Capital LLC’s investment portfolio, making the stock its 18th biggest position.

A number of other institutional investors and hedge funds have also made changes to their positions in SCHG. Charles Schwab Investment Management Inc. lifted its position in shares of Schwab U.S. Large-Cap Growth ETF by 653.7% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 32,809,028 shares of the company’s stock valued at $958,352,000 after buying an additional 28,455,790 shares in the last quarter. Vantagepoint Investment Advisers LLC acquired a new position in Schwab U.S. Large-Cap Growth ETF during the third quarter worth $511,489,000. Envestnet Asset Management Inc. raised its position in Schwab U.S. Large-Cap Growth ETF by 14.5% during the second quarter. Envestnet Asset Management Inc. now owns 55,240,546 shares of the company’s stock worth $1,613,576,000 after acquiring an additional 6,979,991 shares during the period. RMG Wealth Management LLC purchased a new position in Schwab U.S. Large-Cap Growth ETF during the second quarter valued at $142,573,000. Finally, Sei Investments Co. grew its position in shares of Schwab U.S. Large-Cap Growth ETF by 11.0% in the second quarter. Sei Investments Co. now owns 45,745,266 shares of the company’s stock valued at $1,336,220,000 after purchasing an additional 4,524,057 shares during the period.

Schwab U.S. Large-Cap Growth ETF Stock Down 2.0%

SCHG stock opened at $31.44 on Wednesday. Schwab U.S. Large-Cap Growth ETF has a 52 week low of $21.37 and a 52 week high of $33.74. The firm has a 50-day simple moving average of $32.58 and a 200-day simple moving average of $31.86. The stock has a market capitalization of $51.46 billion, a P/E ratio of 34.24 and a beta of 1.15.

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.