SpringVest Wealth Management LLC Reduces Stake in Schwab U.S. Large-Cap Growth ETF $SCHG

SpringVest Wealth Management LLC reduced its stake in Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) by 8.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,121 shares of the company’s stock after selling 2,400 shares during the quarter. Schwab U.S. Large-Cap Growth ETF makes up approximately 0.6% of SpringVest Wealth Management LLC’s investment portfolio, making the stock its 25th largest position. SpringVest Wealth Management LLC’s holdings in Schwab U.S. Large-Cap Growth ETF were worth $792,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. grew its holdings in Schwab U.S. Large-Cap Growth ETF by 13.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 48,260,555 shares of the company’s stock valued at $1,208,444,000 after buying an additional 5,775,232 shares in the last quarter. Mather Group LLC. grew its holdings in Schwab U.S. Large-Cap Growth ETF by 4.5% in the 2nd quarter. Mather Group LLC. now owns 42,286,978 shares of the company’s stock valued at $1,235,203,000 after buying an additional 1,836,380 shares in the last quarter. LPL Financial LLC grew its holdings in Schwab U.S. Large-Cap Growth ETF by 11.6% in the 1st quarter. LPL Financial LLC now owns 24,607,170 shares of the company’s stock valued at $616,163,000 after buying an additional 2,554,009 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Schwab U.S. Large-Cap Growth ETF by 7.7% in the 1st quarter. Ameriprise Financial Inc. now owns 15,477,880 shares of the company’s stock valued at $387,608,000 after buying an additional 1,106,110 shares in the last quarter. Finally, Raymond James Financial Inc. grew its holdings in Schwab U.S. Large-Cap Growth ETF by 2.3% in the 1st quarter. Raymond James Financial Inc. now owns 14,822,162 shares of the company’s stock valued at $371,147,000 after buying an additional 332,496 shares in the last quarter.

Schwab U.S. Large-Cap Growth ETF Stock Up 1.1%

Shares of NYSEARCA:SCHG opened at $32.52 on Thursday. The business has a fifty day moving average of $31.04 and a two-hundred day moving average of $28.43. The stock has a market cap of $51.74 billion, a P/E ratio of 34.24 and a beta of 1.10. Schwab U.S. Large-Cap Growth ETF has a 52-week low of $21.37 and a 52-week high of $32.53.

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.