Payne Capital LLC Takes $2.91 Million Position in Schwab US Large-Cap ETF $SCHX

Payne Capital LLC acquired a new stake in Schwab US Large-Cap ETF (NYSEARCA:SCHX) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 110,349 shares of the company’s stock, valued at approximately $2,907,000. Schwab US Large-Cap ETF makes up approximately 2.9% of Payne Capital LLC’s portfolio, making the stock its 12th biggest position.

Other hedge funds also recently added to or reduced their stakes in the company. Bank of Montreal Can grew its holdings in Schwab US Large-Cap ETF by 6.0% in the second quarter. Bank of Montreal Can now owns 202,214 shares of the company’s stock worth $4,942,000 after purchasing an additional 11,420 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in Schwab US Large-Cap ETF by 2.3% during the 2nd quarter. Janney Montgomery Scott LLC now owns 122,227 shares of the company’s stock worth $2,987,000 after acquiring an additional 2,692 shares during the period. Fortis Capital Advisors LLC raised its position in Schwab US Large-Cap ETF by 4.0% during the 3rd quarter. Fortis Capital Advisors LLC now owns 1,370,889 shares of the company’s stock worth $36,109,000 after buying an additional 53,242 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in Schwab US Large-Cap ETF during the 2nd quarter valued at approximately $2,266,000. Finally, Corient Private Wealth LLC boosted its holdings in Schwab US Large-Cap ETF by 27.6% in the second quarter. Corient Private Wealth LLC now owns 6,051,561 shares of the company’s stock valued at $147,900,000 after purchasing an additional 1,308,534 shares during the last quarter.

Schwab US Large-Cap ETF Stock Down 0.8%

Shares of SCHX stock opened at $27.17 on Wednesday. Schwab US Large-Cap ETF has a 52-week low of $19.00 and a 52-week high of $27.54. The stock has a market cap of $64.23 billion, a PE ratio of 25.66 and a beta of 1.01. The business has a 50-day simple moving average of $27.11 and a 200-day simple moving average of $26.39.

About Schwab US Large-Cap ETF

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.