Modern Wealth Management LLC Sells 75,295 Shares of Schwab U.S. Large-Cap Growth ETF $SCHG

Modern Wealth Management LLC lessened its position in Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) by 83.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,794 shares of the company’s stock after selling 75,295 shares during the quarter. Modern Wealth Management LLC’s holdings in Schwab U.S. Large-Cap Growth ETF were worth $435,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Foundations Investment Advisors LLC lifted its position in Schwab U.S. Large-Cap Growth ETF by 10.9% during the 4th quarter. Foundations Investment Advisors LLC now owns 482,907 shares of the company’s stock valued at $15,752,000 after acquiring an additional 47,368 shares during the period. Simplicity Wealth LLC grew its holdings in Schwab U.S. Large-Cap Growth ETF by 13.8% in the fourth quarter. Simplicity Wealth LLC now owns 342,626 shares of the company’s stock worth $11,176,000 after purchasing an additional 41,469 shares during the period. Dravo Bay LLC grew its holdings in Schwab U.S. Large-Cap Growth ETF by 2.6% in the fourth quarter. Dravo Bay LLC now owns 1,213,888 shares of the company’s stock worth $39,597,000 after purchasing an additional 30,487 shares during the period. Columbus Macro LLC grew its holdings in Schwab U.S. Large-Cap Growth ETF by 43.8% in the fourth quarter. Columbus Macro LLC now owns 105,121 shares of the company’s stock worth $3,429,000 after purchasing an additional 32,008 shares during the period. Finally, WBH Advisory Inc. increased its stake in shares of Schwab U.S. Large-Cap Growth ETF by 3.2% during the fourth quarter. WBH Advisory Inc. now owns 830,325 shares of the company’s stock valued at $27,085,000 after purchasing an additional 25,596 shares in the last quarter.

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

SCHG stock opened at $33.58 on Tuesday. The firm has a 50 day moving average price of $34.06 and a 200-day moving average price of $32.37. Schwab U.S. Large-Cap Growth ETF has a 52-week low of $27.96 and a 52-week high of $35.42. The firm has a market capitalization of $58.75 billion, a price-to-earnings ratio of 34.24 and a beta of 1.19.

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.