Sheets Smith Wealth Management Increases Stock Holdings in Schwab US Large-Cap ETF $SCHX

Sheets Smith Wealth Management raised its position in Schwab US Large-Cap ETF (NYSEARCA:SCHX) by 2.7% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 724,427 shares of the company’s stock after acquiring an additional 19,357 shares during the period. Schwab US Large-Cap ETF makes up about 2.1% of Sheets Smith Wealth Management’s holdings, making the stock its 5th largest position. Sheets Smith Wealth Management’s holdings in Schwab US Large-Cap ETF were worth $18,574,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. IFC & Insurance Marketing Inc. bought a new position in shares of Schwab US Large-Cap ETF in the 4th quarter worth $25,000. Measured Wealth Private Client Group LLC bought a new stake in Schwab US Large-Cap ETF during the 3rd quarter valued at $26,000. Optima Capital LLC bought a new stake in Schwab US Large-Cap ETF during the 4th quarter valued at $29,000. Tidemark LLC increased its stake in Schwab US Large-Cap ETF by 474.3% during the 4th quarter. Tidemark LLC now owns 1,275 shares of the company’s stock valued at $34,000 after purchasing an additional 1,053 shares in the last quarter. Finally, Acumen Wealth Advisors LLC acquired a new position in Schwab US Large-Cap ETF during the fourth quarter worth $39,000.

Schwab US Large-Cap ETF Stock Performance

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 firm has a market capitalization of $71.11 billion, a price-to-earnings ratio of 25.66 and a beta of 1.01. The firm’s fifty day moving average price is $28.77 and its two-hundred day moving average price is $27.50.

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.