Spectrum Asset Management Inc. NB CA Cuts Stock Position in Schwab U.S. Large-Cap Growth ETF $SCHG

Spectrum Asset Management Inc. NB CA lessened its stake in shares of Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) by 18.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 174,423 shares of the company’s stock after selling 39,284 shares during the quarter. Schwab U.S. Large-Cap Growth ETF accounts for 1.6% of Spectrum Asset Management Inc. NB CA’s investment portfolio, making the stock its 17th biggest position. Spectrum Asset Management Inc. NB CA’s holdings in Schwab U.S. Large-Cap Growth ETF were worth $5,081,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of SCHG. Foundations Investment Advisors LLC lifted its position in shares of Schwab U.S. Large-Cap Growth ETF by 10.9% during the fourth quarter. Foundations Investment Advisors LLC now owns 482,907 shares of the company’s stock worth $15,752,000 after purchasing an additional 47,368 shares in the last quarter. Bright Futures Wealth Management LLC. acquired a new stake in Schwab U.S. Large-Cap Growth ETF during the 3rd quarter valued at $635,000. Charles Schwab Trust Co grew its holdings in Schwab U.S. Large-Cap Growth ETF by 1.8% during the 4th quarter. Charles Schwab Trust Co now owns 1,753,222 shares of the company’s stock valued at $57,190,000 after purchasing an additional 30,853 shares in the last quarter. Simplicity Wealth LLC increased its stake in Schwab U.S. Large-Cap Growth ETF by 13.8% during the 4th quarter. Simplicity Wealth LLC now owns 342,626 shares of the company’s stock worth $11,176,000 after buying an additional 41,469 shares during the period. Finally, Advisory Services Network LLC lifted its holdings in Schwab U.S. Large-Cap Growth ETF by 10.4% in the 3rd quarter. Advisory Services Network LLC now owns 536,365 shares of the company’s stock worth $17,115,000 after buying an additional 50,616 shares in the last quarter.

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

NYSEARCA:SCHG opened at $32.84 on Friday. The firm has a 50-day moving average of $33.71 and a two-hundred day moving average of $32.17. The stock has a market cap of $55.51 billion, a P/E ratio of 34.24 and a beta of 1.19. Schwab U.S. Large-Cap Growth ETF has a 1-year low of $27.96 and a 1-year 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.