Carnegie Investment Counsel Increases Holdings in Schwab U.S. Large-Cap Growth ETF

Carnegie Investment Counsel has significantly increased its ownership of shares in Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG – Free Report) by 293.5% during the fourth quarter of the year. As reported in their latest submission to the Securities and Exchange Commission (SEC), the institutional investor now holds 16,062 shares, having purchased an additional 11,980 shares in this quarter. At the conclusion of this period, Carnegie Investment Counsel's investment in the Schwab U.S. Large-Cap Growth ETF was valued at approximately $448,000.

Several other institutional investors have also made adjustments to their positions in SCHG. Boyce & Associates Wealth Consulting Inc. raised its stake in the ETF by 2.2% in the third quarter, bringing their total to 5,080 shares worth $529,000 after acquiring 109 more shares. Evergreen Capital Management LLC increased its holdings by 3.3% in the second quarter, now owning 3,964 shares valued at $400,000 after purchasing an additional 126 shares during that time. Blair William & Co. IL saw a 0.4% increase in their holdings during the second quarter, owning 49,047 shares worth $4,946,000 after acquiring an additional 189 shares. Wescott Financial Advisory Group LLC also grew its ownership of Schwab U.S. Large-Cap Growth ETF by 3.1% earlier this year, now possessing 6,917 shares valued at $698,000 after an additional purchase of 211 shares. Lastly, Evanson Asset Management LLC enhanced its stake by 10.2% in the third quarter, currently owning 3,023 shares valued at $315,000.

Current Performance of Schwab U.S. Large-Cap Growth ETF

The Schwab U.S. Large-Cap Growth ETF saw a trading increase of 1.3% recently, with shares opening at $28.29 on Friday. The ETF currently boasts a market capitalization of $8.27 billion, a price-to-earnings (PE) ratio of 39.82, and a beta of 1.25. The 50-day moving average price stands at $28.09, while the 200-day moving average price is at $26.45. Over the past year, the Schwab U.S. Large-Cap Growth ETF has observed a low of $20.85 and a high of $29.14.

Overview of Schwab U.S. Large-Cap Growth ETF

The primary objective of the Schwab U.S. Large-Cap Growth ETF (the Fund) is to track the total return performance of the Dow Jones U.S. Large-Cap Growth Total Stock Market Index (the Index). This Index encompasses the large-cap growth segment of the Dow Jones U.S. Total Stock Market Index, making it accessible to investors interested in this sector.

Related Articles

• Five stocks we like better than Schwab U.S. Large-Cap Growth ETF
• What is the Shanghai Stock Exchange Composite Index?
• Top ETFs That Beat the Market in 2024
• Identifying Breakout Stocks
• J.B. Hunt: A Look at Trucking Stocks
• Understanding Energy and Oil Stocks

If you are interested in more insights regarding other hedge funds holding SCHG, you can find detailed information on 13F filings and insider trades.

Schwab, ETF, Investment