Merit Financial Group LLC Sells 82,711 Shares of Schwab U.S. Large-Cap Growth ETF $SCHG

Merit Financial Group LLC lessened its position in Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) by 4.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,833,950 shares of the company’s stock after selling 82,711 shares during the period. Merit Financial Group LLC’s holdings in Schwab U.S. Large-Cap Growth ETF were worth $58,521,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Keystone Global Partners LLC increased its stake in shares of Schwab U.S. Large-Cap Growth ETF by 13.0% in the third quarter. Keystone Global Partners LLC now owns 573,688 shares of the company’s stock valued at $18,306,000 after buying an additional 66,040 shares during the period. Meridian Financial Advisors LLC acquired a new stake in Schwab U.S. Large-Cap Growth ETF during the 3rd quarter worth approximately $231,000. Sax Wealth Advisors LLC grew its holdings in Schwab U.S. Large-Cap Growth ETF by 94.8% during the 3rd quarter. Sax Wealth Advisors LLC now owns 26,611 shares of the company’s stock worth $849,000 after acquiring an additional 12,947 shares during the last quarter. Forefront Wealth Partners LLC increased its position in Schwab U.S. Large-Cap Growth ETF by 197.6% in the 3rd quarter. Forefront Wealth Partners LLC now owns 135,546 shares of the company’s stock valued at $4,325,000 after acquiring an additional 90,006 shares during the period. Finally, Hillcrest Wealth Advisors NY LLC acquired a new position in Schwab U.S. Large-Cap Growth ETF in the 3rd quarter valued at approximately $212,000.

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

SCHG stock opened at $32.88 on Wednesday. The company has a market capitalization of $53.43 billion, a P/E ratio of 34.24 and a beta of 1.15. The company has a fifty day moving average price of $32.67 and a 200-day moving average price of $31.25. Schwab U.S. Large-Cap Growth ETF has a 52-week low of $21.37 and a 52-week high of $33.74.

Schwab U.S. Large-Cap Growth ETF 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.