Dravo Bay LLC Cuts Position in Schwab US Large-Cap ETF (NYSEARCA:SCHX)

Dravo Bay LLC lowered its position in Schwab US Large-Cap ETF (NYSEARCA:SCHX) by 3.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 489,665 shares of the company’s stock after selling 19,383 shares during the period. Schwab US Large-Cap ETF makes up approximately 18.5% of Dravo Bay LLC’s investment portfolio, making the stock its biggest holding. Dravo Bay LLC owned approximately 0.08% of Schwab US Large-Cap ETF worth $27,617,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Advisory Inc. increased its holdings in Schwab US Large-Cap ETF by 0.4% during the 4th quarter. Charles Schwab Investment Advisory Inc. now owns 96,674,149 shares of the company’s stock worth $5,452,422,000 after purchasing an additional 395,462 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Schwab US Large-Cap ETF by 5.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 48,144,743 shares of the company’s stock worth $2,715,363,000 after buying an additional 2,579,005 shares in the last quarter. Cerity Partners LLC increased its stake in shares of Schwab US Large-Cap ETF by 518.6% during the fourth quarter. Cerity Partners LLC now owns 28,300,987 shares of the company’s stock valued at $1,596,176,000 after buying an additional 23,726,348 shares during the period. HBK Sorce Advisory LLC lifted its stake in Schwab US Large-Cap ETF by 17.9% in the fourth quarter. HBK Sorce Advisory LLC now owns 10,281,650 shares of the company’s stock worth $579,885,000 after acquiring an additional 1,559,108 shares during the period. Finally, Moneta Group Investment Advisors LLC grew its holdings in Schwab US Large-Cap ETF by 2.9% during the 3rd quarter. Moneta Group Investment Advisors LLC now owns 7,231,947 shares of the company’s stock worth $365,937,000 after acquiring an additional 205,013 shares in the last quarter.

Schwab US Large-Cap ETF Price Performance

NYSEARCA SCHX traded down $0.04 during midday trading on Wednesday, hitting $61.31. 797,635 shares of the company traded hands, compared to its average volume of 1,810,476. The company has a market cap of $39.79 billion, a PE ratio of 25.47 and a beta of 1.02. Schwab US Large-Cap ETF has a 52 week low of $48.22 and a 52 week high of $62.24. The company’s 50-day simple moving average is $60.78 and its 200-day simple moving average is $57.29.

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.