Schwab US Large-Cap ETF $SCHX Shares Sold by Destination Wealth Management

Destination Wealth Management lessened its position in shares of Schwab US Large-Cap ETF (NYSEARCA:SCHX) by 2.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 954,376 shares of the company’s stock after selling 27,652 shares during the quarter. Destination Wealth Management’s holdings in Schwab US Large-Cap ETF were worth $25,138,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in SCHX. Brighton Jones LLC increased its stake in Schwab US Large-Cap ETF by 198.5% during the fourth quarter. Brighton Jones LLC now owns 211,330 shares of the company’s stock worth $4,899,000 after acquiring an additional 140,539 shares during the last quarter. Prospera Financial Services Inc acquired a new position in shares of Schwab US Large-Cap ETF in the 2nd quarter valued at $208,000. Advisors Capital Management LLC grew its holdings in shares of Schwab US Large-Cap ETF by 49.3% during the 2nd quarter. Advisors Capital Management LLC now owns 14,512 shares of the company’s stock worth $355,000 after purchasing an additional 4,792 shares during the period. Meridian Wealth Management LLC grew its holdings in shares of Schwab US Large-Cap ETF by 3.7% during the 2nd quarter. Meridian Wealth Management LLC now owns 156,798 shares of the company’s stock worth $3,832,000 after purchasing an additional 5,614 shares during the period. Finally, Cetera Investment Advisers increased its position in shares of Schwab US Large-Cap ETF by 33.4% during the 2nd quarter. Cetera Investment Advisers now owns 931,112 shares of the company’s stock worth $22,756,000 after purchasing an additional 232,909 shares during the last quarter.

Schwab US Large-Cap ETF Trading Down 0.6%

Shares of SCHX opened at $26.10 on Monday. The company’s 50-day moving average price is $27.09 and its 200 day moving average price is $26.73. Schwab US Large-Cap ETF has a 12-month low of $19.00 and a 12-month high of $27.54. The firm has a market cap of $61.70 billion, a P/E ratio of 25.66 and a beta of 1.01.

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. 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.