Cornerstone Financial Management LLC Takes $3.81 Million Position in Schwab US Large-Cap ETF $SCHX

Cornerstone Financial Management LLC purchased a new stake in Schwab US Large-Cap ETF (NYSEARCA:SCHX) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 141,622 shares of the company’s stock, valued at approximately $3,811,000. Schwab US Large-Cap ETF comprises about 3.6% of Cornerstone Financial Management LLC’s investment portfolio, making the stock its 8th biggest position.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SCHX. IFC & Insurance Marketing Inc. acquired a new stake in shares of Schwab US Large-Cap ETF in the fourth quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Schwab US Large-Cap ETF in the third quarter valued at approximately $26,000. Optima Capital LLC acquired a new stake in shares of Schwab US Large-Cap ETF in the fourth quarter valued at approximately $29,000. Tidemark LLC grew its position in Schwab US Large-Cap ETF by 474.3% in the fourth quarter. Tidemark LLC now owns 1,275 shares of the company’s stock worth $34,000 after acquiring an additional 1,053 shares during the period. Finally, Acumen Wealth Advisors LLC purchased a new position in Schwab US Large-Cap ETF in the fourth quarter worth approximately $39,000.

Schwab US Large-Cap ETF Stock Performance

Shares of Schwab US Large-Cap ETF stock opened at $29.21 on Friday. The firm has a market capitalization of $70.44 billion, a price-to-earnings ratio of 25.66 and a beta of 1.01. Schwab US Large-Cap ETF has a fifty-two week low of $23.50 and a fifty-two week high of $29.95. The stock has a 50 day moving average of $28.43 and a 200 day moving average of $27.41.

Schwab US Large-Cap ETF Profile

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.