Summit Wealth & Retirement Planning Inc. Reduces Holdings in Schwab U.S. Large-Cap Growth ETF $SCHG

Summit Wealth & Retirement Planning Inc. trimmed its holdings in Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,528,494 shares of the company’s stock after selling 25,747 shares during the period. Schwab U.S. Large-Cap Growth ETF comprises about 11.7% of Summit Wealth & Retirement Planning Inc.’s holdings, making the stock its 3rd largest position. Summit Wealth & Retirement Planning Inc.’s holdings in Schwab U.S. Large-Cap Growth ETF were worth $49,859,000 at the end of the most recent quarter.

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

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

SCHG opened at $33.14 on Friday. The company’s 50-day moving average is $30.73 and its 200 day moving average is $31.76. Schwab U.S. Large-Cap Growth ETF has a fifty-two week low of $25.43 and a fifty-two week high of $33.74. The firm has a market capitalization of $56.01 billion, a P/E ratio of 34.24 and a beta of 1.19.

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.