Meritage Portfolio Management Lowers Stake in Schwab U.S. Large-Cap Growth ETF $SCHG

Meritage Portfolio Management lessened its stake in Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) by 97.4% in the 3rd quarter, Holdings Channel reports. The firm owned 19,624 shares of the company’s stock after selling 731,150 shares during the period. Meritage Portfolio Management’s holdings in Schwab U.S. Large-Cap Growth ETF were worth $626,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Crews Bank & Trust purchased a new position in shares of Schwab U.S. Large-Cap Growth ETF during the third quarter worth $25,000. Mid American Wealth Advisory Group Inc. acquired a new position in Schwab U.S. Large-Cap Growth ETF during the 2nd quarter worth about $26,000. Atlantic Union Bankshares Corp acquired a new position in Schwab U.S. Large-Cap Growth ETF during the 2nd quarter worth about $29,000. Key Financial Inc boosted its holdings in Schwab U.S. Large-Cap Growth ETF by 148.6% during the 2nd quarter. Key Financial Inc now owns 1,233 shares of the company’s stock valued at $36,000 after acquiring an additional 737 shares during the period. Finally, Creekmur Asset Management LLC grew its position in Schwab U.S. Large-Cap Growth ETF by 200.3% in the 2nd quarter. Creekmur Asset Management LLC now owns 1,811 shares of the company’s stock valued at $53,000 after acquiring an additional 1,208 shares in the last quarter.

Schwab U.S. Large-Cap Growth ETF Price Performance

Shares of NYSEARCA:SCHG opened at $32.44 on Friday. The firm has a market capitalization of $52.80 billion, a PE ratio of 34.24 and a beta of 1.15. Schwab U.S. Large-Cap Growth ETF has a 1 year low of $21.37 and a 1 year high of $33.74. The firm’s 50-day moving average is $32.59 and its two-hundred day moving average is $31.57.

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.