Kovack Advisors Inc. Trims Stake in Schwab U.S. Large-Cap Growth ETF $SCHG

Kovack Advisors Inc. lessened its stake in shares of Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) by 5.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 448,510 shares of the company’s stock after selling 25,344 shares during the quarter. Schwab U.S. Large-Cap Growth ETF comprises about 1.3% of Kovack Advisors Inc.’s investment portfolio, making the stock its 12th biggest position. Kovack Advisors Inc.’s holdings in Schwab U.S. Large-Cap Growth ETF were worth $13,101,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the stock. Envestnet Asset Management Inc. lifted its position in shares of Schwab U.S. Large-Cap Growth ETF by 14.5% in the second quarter. Envestnet Asset Management Inc. now owns 55,240,546 shares of the company’s stock valued at $1,613,576,000 after acquiring an additional 6,979,991 shares in the last quarter. RMG Wealth Management LLC purchased a new position in Schwab U.S. Large-Cap Growth ETF in the 2nd quarter valued at about $142,573,000. HighTower Advisors LLC boosted its stake in shares of Schwab U.S. Large-Cap Growth ETF by 70.8% during the 1st quarter. HighTower Advisors LLC now owns 7,614,284 shares of the company’s stock worth $190,662,000 after purchasing an additional 3,155,669 shares during the last quarter. Golden Reserve Retirement LLC acquired a new stake in shares of Schwab U.S. Large-Cap Growth ETF during the 1st quarter worth about $69,560,000. Finally, LPL Financial LLC grew its holdings in shares of Schwab U.S. Large-Cap Growth ETF by 11.6% during the first quarter. LPL Financial LLC now owns 24,607,170 shares of the company’s stock worth $616,163,000 after buying an additional 2,554,009 shares in the last quarter.

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

NYSEARCA:SCHG opened at $33.18 on Friday. The firm has a market cap of $52.82 billion, a PE ratio of 34.24 and a beta of 1.15. The firm has a 50 day simple moving average of $31.72 and a 200-day simple moving average of $29.34. Schwab U.S. Large-Cap Growth ETF has a 1-year low of $21.37 and a 1-year high of $33.74.

Schwab U.S. Large-Cap Growth ETF Company 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.