BIP Wealth LLC Cuts Stake in Schwab US Large-Cap ETF $SCHX

BIP Wealth LLC cut its stake in Schwab US Large-Cap ETF (NYSEARCA:SCHX) by 14.5% during the 2nd quarter, Holdings Channel.com reports. The fund owned 12,873 shares of the company’s stock after selling 2,187 shares during the period. BIP Wealth LLC’s holdings in Schwab US Large-Cap ETF were worth $315,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. US Bancorp DE boosted its holdings in shares of Schwab US Large-Cap ETF by 5.2% in the 1st quarter. US Bancorp DE now owns 217,201,393 shares of the company’s stock valued at $4,795,807,000 after purchasing an additional 10,782,297 shares during the last quarter. Betterment LLC raised its position in shares of Schwab US Large-Cap ETF by 119.6% in the 1st quarter. Betterment LLC now owns 13,225,086 shares of the company’s stock worth $292,010,000 after buying an additional 7,201,786 shares during the period. Fund Evaluation Group LLC boosted its holdings in Schwab US Large-Cap ETF by 89.4% in the first quarter. Fund Evaluation Group LLC now owns 7,955,519 shares of the company’s stock valued at $175,658,000 after acquiring an additional 3,755,090 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Schwab US Large-Cap ETF by 17.8% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 24,479,012 shares of the company’s stock valued at $540,497,000 after acquiring an additional 3,701,133 shares during the period. Finally, Wealthspire Advisors LLC increased its stake in Schwab US Large-Cap ETF by 95.7% during the first quarter. Wealthspire Advisors LLC now owns 6,083,326 shares of the company’s stock worth $134,320,000 after acquiring an additional 2,974,256 shares during the last quarter.

Schwab US Large-Cap ETF Price Performance

Schwab US Large-Cap ETF stock opened at $26.81 on Friday. The company has a market cap of $62.20 billion, a price-to-earnings ratio of 25.66 and a beta of 1.01. Schwab US Large-Cap ETF has a 12 month low of $19.00 and a 12 month high of $26.86. The stock’s 50-day moving average is $26.05 and its 200-day moving average is $24.42.

Schwab US Large-Cap ETF 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.