SouthState Bank Corp Decreases Stake in Schwab U.S. Large-Cap Growth ETF $SCHG

SouthState Bank Corp reduced its stake in Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) by 82.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 9,251 shares of the company’s stock after selling 43,050 shares during the period. SouthState Bank Corp’s holdings in Schwab U.S. Large-Cap Growth ETF were worth $295,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its stake in shares of Schwab U.S. Large-Cap Growth ETF by 653.7% in the second quarter. Charles Schwab Investment Management Inc. now owns 32,809,028 shares of the company’s stock worth $958,352,000 after acquiring an additional 28,455,790 shares during the last quarter. Vantagepoint Investment Advisers LLC bought a new position in Schwab U.S. Large-Cap Growth ETF in the 3rd quarter valued at approximately $511,489,000. Envestnet Asset Management Inc. lifted its holdings in shares of 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 valued at $1,613,576,000 after purchasing an additional 6,979,991 shares in the last quarter. Sei Investments Co. boosted its position in shares of Schwab U.S. Large-Cap Growth ETF by 11.0% during the second quarter. Sei Investments Co. now owns 45,745,266 shares of the company’s stock valued at $1,336,220,000 after buying an additional 4,524,057 shares during the last quarter. Finally, Triton Wealth Management PLLC purchased a new stake in shares of Schwab U.S. Large-Cap Growth ETF during the 2nd quarter valued at about $48,445,000.

Schwab U.S. Large-Cap Growth ETF Stock Up 2.1%

Shares of Schwab U.S. Large-Cap Growth ETF stock opened at $31.11 on Friday. Schwab U.S. Large-Cap Growth ETF has a twelve month low of $21.37 and a twelve month high of $33.74. The company’s 50 day moving average is $32.48 and its 200 day moving average is $31.85. The company has a market cap of $50.92 billion, a price-to-earnings ratio of 34.24 and a beta of 1.15.

About Schwab U.S. Large-Cap Growth ETF

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.