Ballast Financial Advisors LLC Takes Position in Schwab U.S. Large-Cap Growth ETF $SCHG

Ballast Financial Advisors LLC purchased a new stake in Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) in the 4th quarter, HoldingsChannel reports. The fund purchased 74,006 shares of the company’s stock, valued at approximately $2,414,000. Schwab U.S. Large-Cap Growth ETF makes up 2.5% of Ballast Financial Advisors LLC’s holdings, making the stock its 9th largest position.

Several other institutional investors and hedge funds also recently made changes to their positions in SCHG. Foundations Investment Advisors LLC grew its stake in Schwab U.S. Large-Cap Growth ETF by 10.9% during the fourth quarter. Foundations Investment Advisors LLC now owns 482,907 shares of the company’s stock worth $15,752,000 after purchasing an additional 47,368 shares during the period. Bright Futures Wealth Management LLC. acquired a new stake in Schwab U.S. Large-Cap Growth ETF during the third quarter worth approximately $635,000. Compound Planning Inc. grew its stake in Schwab U.S. Large-Cap Growth ETF by 16.2% during the third quarter. Compound Planning Inc. now owns 2,128,290 shares of the company’s stock worth $67,914,000 after purchasing an additional 296,519 shares during the period. Charles Schwab Trust Co grew its stake in Schwab U.S. Large-Cap Growth ETF by 1.8% during the fourth quarter. Charles Schwab Trust Co now owns 1,753,222 shares of the company’s stock worth $57,190,000 after purchasing an additional 30,853 shares during the period. Finally, Simplicity Wealth LLC grew its stake in Schwab U.S. Large-Cap Growth ETF by 13.8% during the fourth quarter. Simplicity Wealth LLC now owns 342,626 shares of the company’s stock worth $11,176,000 after purchasing an additional 41,469 shares during the period.

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

NYSEARCA SCHG opened at $33.46 on Thursday. The business has a 50 day simple moving average of $33.36 and a 200 day simple moving average of $32.14. Schwab U.S. Large-Cap Growth ETF has a one year low of $27.68 and a one year high of $35.42. The stock has a market capitalization of $56.56 billion, a P/E ratio of 34.24 and a beta of 1.19.

About Schwab U.S. Large-Cap Growth ETF

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. Large-Cap Growth Total Stock Market Index includes the components ranked 1-750 by full market capitalization and that are classified as growth. The Index is a float-adjusted market capitalization weighted index.