Envestnet Asset Management Inc. Sells 2,676,595 Shares of Schwab U.S. Large-Cap Growth ETF $SCHG

Envestnet Asset Management Inc. lowered its stake in Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) by 4.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 61,784,989 shares of the company’s stock after selling 2,676,595 shares during the period. Envestnet Asset Management Inc. owned approximately 3.32% of Schwab U.S. Large-Cap Growth ETF worth $2,090,804,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Security National Bank of Sioux City Iowa IA bought a new position in shares of Schwab U.S. Large-Cap Growth ETF in the second quarter valued at approximately $63,000. Cherry Tree Wealth Management LLC acquired a new position in Schwab U.S. Large-Cap Growth ETF in the 2nd quarter valued at $97,000. Talon Private Wealth LLC bought a new position in Schwab U.S. Large-Cap Growth ETF in the 2nd quarter worth $1,502,000. Van Hulzen Asset Management LLC raised its holdings in Schwab U.S. Large-Cap Growth ETF by 7.1% in the 2nd quarter. Van Hulzen Asset Management LLC now owns 19,140 shares of the company’s stock worth $648,000 after acquiring an additional 1,267 shares during the period. Finally, Cahill Financial Advisors Inc. lifted its position in Schwab U.S. Large-Cap Growth ETF by 1.5% during the 2nd quarter. Cahill Financial Advisors Inc. now owns 294,569 shares of the company’s stock worth $9,968,000 after acquiring an additional 4,307 shares during the last quarter.

Schwab U.S. Large-Cap Growth ETF Stock Down 0.9%

SCHG stock traded down $0.32 during mid-day trading on Wednesday, reaching $36.00. 8,584,131 shares of the stock traded hands, compared to its average volume of 12,571,731. Schwab U.S. Large-Cap Growth ETF has a 52 week low of $27.96 and a 52 week high of $36.43. The business has a 50-day moving average of $35.07 and a two-hundred day moving average of $33.45. The firm has a market capitalization of $66.90 billion, a PE 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.