Summit Financial Strategies Inc. Purchases 105,419 Shares of Schwab US Large-Cap ETF (NYSEARCA:SCHX)

Summit Financial Strategies Inc. boosted its position in Schwab US Large-Cap ETF (NYSEARCA:SCHX) by 197.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 158,935 shares of the company’s stock after purchasing an additional 105,419 shares during the period. Schwab US Large-Cap ETF comprises 0.4% of Summit Financial Strategies Inc.’s investment portfolio, making the stock its 29th biggest position. Summit Financial Strategies Inc.’s holdings in Schwab US Large-Cap ETF were worth $3,684,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of SCHX. Renaissance Technologies LLC purchased a new position in Schwab US Large-Cap ETF in the second quarter worth $1,009,000. Marshall Wace LLP bought a new stake in shares of Schwab US Large-Cap ETF during the 2nd quarter worth $367,000. AQR Capital Management LLC grew its position in Schwab US Large-Cap ETF by 10.9% during the second quarter. AQR Capital Management LLC now owns 174,050 shares of the company’s stock valued at $11,183,000 after buying an additional 17,122 shares during the period. Silver Lake Advisory LLC purchased a new stake in Schwab US Large-Cap ETF during the second quarter worth about $11,476,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in Schwab US Large-Cap ETF by 13.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,898,131 shares of the company’s stock worth $379,043,000 after buying an additional 709,943 shares during the last quarter.

Schwab US Large-Cap ETF Stock Down 0.2 %

SCHX opened at $24.13 on Monday. Schwab US Large-Cap ETF has a twelve month low of $19.08 and a twelve month high of $24.23. The company’s 50-day moving average price is $23.64 and its two-hundred day moving average price is $22.72. The stock has a market cap of $15.73 billion, a price-to-earnings ratio of 26.53 and a beta of 1.02.

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.