Beacon Pointe Advisors LLC Buys 4,052,300 Shares of Schwab US Large-Cap ETF (NYSEARCA:SCHX)

Beacon Pointe Advisors LLC increased its stake in shares of Schwab US Large-Cap ETF (NYSEARCA:SCHX) by 190.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,184,920 shares of the company’s stock after acquiring an additional 4,052,300 shares during the period. Schwab US Large-Cap ETF comprises approximately 1.6% of Beacon Pointe Advisors LLC’s investment portfolio, making the stock its 9th largest holding. Beacon Pointe Advisors LLC’s holdings in Schwab US Large-Cap ETF were worth $143,366,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Total Investment Management Inc. lifted its stake in shares of Schwab US Large-Cap ETF by 200.6% during the 4th quarter. Total Investment Management Inc. now owns 13,510 shares of the company’s stock worth $313,000 after buying an additional 9,016 shares during the last quarter. Keystone Wealth Services LLC lifted its holdings in Schwab US Large-Cap ETF by 200.4% during the 4th quarter. Keystone Wealth Services LLC now owns 34,854 shares of the company’s stock worth $808,000 after purchasing an additional 23,252 shares during the last quarter. Brass Tax Wealth Management Inc. bought a new position in Schwab US Large-Cap ETF during the 3rd quarter worth $3,040,000. B. Riley Wealth Advisors Inc. grew its stake in shares of Schwab US Large-Cap ETF by 4.8% in the third quarter. B. Riley Wealth Advisors Inc. now owns 110,984 shares of the company’s stock valued at $7,469,000 after acquiring an additional 5,035 shares in the last quarter. Finally, Pure Portfolios Holdings LLC raised its stake in Schwab US Large-Cap ETF by 201.1% in the 4th quarter. Pure Portfolios Holdings LLC now owns 1,408,552 shares of the company’s stock worth $32,650,000 after purchasing an additional 940,747 shares in the last quarter.

Schwab US Large-Cap ETF Stock Performance

NYSEARCA:SCHX opened at $21.76 on Monday. The company has a market cap of $49.61 billion, a price-to-earnings ratio of 24.98 and a beta of 1.02. The stock has a fifty day moving average price of $22.00 and a 200-day moving average price of $23.01. Schwab US Large-Cap ETF has a fifty-two week low of $19.00 and a fifty-two week high of $24.31.

Schwab US Large-Cap ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th were issued a dividend of $0.0668 per share. The ex-dividend date of this dividend was Wednesday, March 26th.

Schwab US Large-Cap ETF Company Profile

Schwab U.S. Large-Cap ETF (the Fund) goal is to track the total return of the Dow Jones U.S. Large-Cap Total Stock Market Index (the Index). The Fund’s index includes the large-cap portion of the Dow Jones U.S. Total Stock Market Index available to investors in the marketplace. The Dow Jones U.S. Large-Cap Total Stock Market Index includes the components ranked 1-750 by full market capitalization.