Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) Reaches New 1-Year High – What’s Next?

Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $29.14 and last traded at $29.04, with a volume of 999417 shares changing hands. The stock had previously closed at $29.02.

Schwab U.S. Large-Cap Growth ETF Stock Down 0.1 %

The company has a market capitalization of $8.48 billion, a price-to-earnings ratio of 39.82 and a beta of 1.25. The business’s 50-day moving average is $28.14 and its 200-day moving average is $26.50.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SCHG. Renaissance Technologies LLC lifted its position in Schwab U.S. Large-Cap Growth ETF by 92.5% during the second quarter. Renaissance Technologies LLC now owns 12,900 shares of the company’s stock valued at $1,301,000 after purchasing an additional 6,200 shares during the period. Evergreen Capital Management LLC raised its position in shares of Schwab U.S. Large-Cap Growth ETF by 3.3% in the second quarter. Evergreen Capital Management LLC now owns 3,964 shares of the company’s stock worth $400,000 after acquiring an additional 126 shares during the period. Bank of Montreal Can raised its position in shares of Schwab U.S. Large-Cap Growth ETF by 7.5% in the second quarter. Bank of Montreal Can now owns 9,176 shares of the company’s stock worth $929,000 after acquiring an additional 639 shares during the period. SkyView Investment Advisors LLC acquired a new position in shares of Schwab U.S. Large-Cap Growth ETF in the second quarter worth about $217,000. Finally, Annandale Capital LLC acquired a new position in shares of Schwab U.S. Large-Cap Growth ETF in the second quarter worth about $438,000.

Schwab U.S. Large-Cap Growth ETF Company Profile

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.