Murphy Middleton Hinkle & Parker Inc. Lowers Position in Schwab U.S. Large-Cap Growth ETF $SCHG

Murphy Middleton Hinkle & Parker Inc. trimmed its position in shares of Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) by 97.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,848 shares of the company’s stock after selling 320,815 shares during the quarter. Murphy Middleton Hinkle & Parker Inc.’s holdings in Schwab U.S. Large-Cap Growth ETF were worth $256,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Crews Bank & Trust bought a new position in shares of Schwab U.S. Large-Cap Growth ETF in the 3rd quarter worth approximately $25,000. Westfuller Advisors LLC bought a new stake in shares of Schwab U.S. Large-Cap Growth ETF during the third quarter valued at approximately $26,000. REAP Financial Group LLC bought a new stake in shares of Schwab U.S. Large-Cap Growth ETF during the third quarter valued at approximately $28,000. Bessemer Group Inc. purchased a new stake in Schwab U.S. Large-Cap Growth ETF in the third quarter worth $31,000. Finally, Howe & Rusling Inc. grew its stake in Schwab U.S. Large-Cap Growth ETF by 37.7% in the third quarter. Howe & Rusling Inc. now owns 1,212 shares of the company’s stock worth $39,000 after purchasing an additional 332 shares during the period.

Schwab U.S. Large-Cap Growth ETF Trading Up 1.4%

SCHG opened at $29.70 on Tuesday. The company has a market cap of $48.61 billion, a price-to-earnings ratio of 34.24 and a beta of 1.15. The stock has a fifty day simple moving average of $31.13 and a two-hundred day simple moving average of $31.93. Schwab U.S. Large-Cap Growth ETF has a 12-month low of $21.37 and a 12-month high of $33.74.

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.