WealthPoint Financial LLC Takes $2.41 Million Position in Schwab U.S. Large-Cap Growth ETF $SCHG

WealthPoint Financial LLC acquired a new stake in shares of Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 73,756 shares of the company’s stock, valued at approximately $2,406,000. Schwab U.S. Large-Cap Growth ETF accounts for about 2.1% of WealthPoint Financial LLC’s investment portfolio, making the stock its 13th largest holding.

A number of other large investors have also added to or reduced their stakes in SCHG. Valpey Financial Services LLC lifted its position in Schwab U.S. Large-Cap Growth ETF by 3,085.3% during the fourth quarter. Valpey Financial Services LLC now owns 8,003,802 shares of the company’s stock valued at $245,365,000 after purchasing an additional 7,752,527 shares in the last quarter. Focus Partners Wealth boosted its position in shares of Schwab U.S. Large-Cap Growth ETF by 655.4% in the fourth quarter. Focus Partners Wealth now owns 6,602,251 shares of the company’s stock worth $215,286,000 after purchasing an additional 5,728,214 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Schwab U.S. Large-Cap Growth ETF by 9.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 37,744,872 shares of the company’s stock worth $1,231,238,000 after purchasing an additional 3,230,427 shares during the period. Thrivent Financial for Lutherans increased its stake in shares of Schwab U.S. Large-Cap Growth ETF by 7,909.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 3,110,459 shares of the company’s stock worth $101,473,000 after purchasing an additional 3,071,625 shares in the last quarter. Finally, BlueStem Wealth Partners LLC purchased a new stake in shares of Schwab U.S. Large-Cap Growth ETF in the fourth quarter worth $92,090,000.

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

SCHG opened at $33.90 on Friday. The stock has a market cap of $57.30 billion, a price-to-earnings ratio of 34.24 and a beta of 1.19. The firm’s fifty day moving average is $33.45 and its 200 day moving average is $32.15. Schwab U.S. Large-Cap Growth ETF has a fifty-two week low of $27.68 and a fifty-two week high of $35.42.

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.