Cornerstone Wealth Group LLC Cuts Stake in Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG)

Cornerstone Wealth Group LLC decreased its position in Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) by 8.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,756 shares of the company’s stock after selling 877 shares during the period. Cornerstone Wealth Group LLC’s holdings in Schwab U.S. Large-Cap Growth ETF were worth $984,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Sei Investments Co. boosted its stake in shares of Schwab U.S. Large-Cap Growth ETF by 0.9% during the first quarter. Sei Investments Co. now owns 9,089,817 shares of the company’s stock valued at $842,808,000 after acquiring an additional 85,434 shares during the last quarter. Mather Group LLC. lifted its position in Schwab U.S. Large-Cap Growth ETF by 1.1% during the 2nd quarter. Mather Group LLC. now owns 9,080,140 shares of the company’s stock worth $841,911,000 after acquiring an additional 95,632 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Schwab U.S. Large-Cap Growth ETF by 25.6% during the 4th quarter. Envestnet Asset Management Inc. now owns 7,938,982 shares of the company’s stock valued at $658,618,000 after purchasing an additional 1,617,687 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Schwab U.S. Large-Cap Growth ETF by 11.8% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 3,600,863 shares of the company’s stock worth $333,872,000 after acquiring an additional 378,773 shares during the last quarter. Finally, McAdam LLC boosted its stake in shares of Schwab U.S. Large-Cap Growth ETF by 4.7% during the 1st quarter. McAdam LLC now owns 1,757,045 shares of the company’s stock valued at $162,913,000 after buying an additional 78,737 shares during the last quarter.

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

SCHG traded up $1.18 during trading hours on Friday, hitting $102.25. 1,006,717 shares of the stock were exchanged, compared to its average volume of 1,439,402. Schwab U.S. Large-Cap Growth ETF has a 12 month low of $69.78 and a 12 month high of $105.74. The stock has a 50-day simple moving average of $100.44 and a 200-day simple moving average of $95.06. The stock has a market cap of $29.91 billion, a price-to-earnings ratio of 39.82 and a beta of 1.25.

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.