Downshift Financial LLC Invests $19.99 Million in Schwab US Large-Cap ETF $SCHX

Downshift Financial LLC acquired a new position in shares of Schwab US Large-Cap ETF (NYSEARCA:SCHX) in the 4th quarter, Holdings Channel reports. The fund acquired 750,046 shares of the company’s stock, valued at approximately $19,993,000. Schwab US Large-Cap ETF accounts for about 12.3% of Downshift Financial LLC’s portfolio, making the stock its biggest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. IFC & Insurance Marketing Inc. acquired a new stake in Schwab US Large-Cap ETF in the 4th quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Schwab US Large-Cap ETF during the third quarter worth approximately $26,000. Optima Capital LLC bought a new stake in shares of Schwab US Large-Cap ETF in the fourth quarter valued at approximately $29,000. Tidemark LLC boosted its position in shares of Schwab US Large-Cap ETF by 474.3% in the fourth quarter. Tidemark LLC now owns 1,275 shares of the company’s stock valued at $34,000 after acquiring an additional 1,053 shares during the period. Finally, Acumen Wealth Advisors LLC acquired a new stake in shares of Schwab US Large-Cap ETF in the fourth quarter worth $39,000.

Schwab US Large-Cap ETF Stock Performance

Shares of Schwab US Large-Cap ETF stock opened at $29.49 on Friday. Schwab US Large-Cap ETF has a 1 year low of $23.50 and a 1 year high of $29.95. The company’s fifty day simple moving average is $28.77 and its 200-day simple moving average is $27.50. The company has a market cap of $71.11 billion, a price-to-earnings ratio of 25.66 and a beta of 1.01.

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. The Index is a float-adjusted market capitalization weighted index. The types of derivatives used by the Fund are options, futures, options on futures and swaps.