Summit Asset Management LLC Buys 23,650 Shares of Schwab US Large-Cap ETF (NYSEARCA:SCHX)

Summit Asset Management LLC boosted its stake in shares of Schwab US Large-Cap ETF (NYSEARCA:SCHX) by 200.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 35,475 shares of the company’s stock after purchasing an additional 23,650 shares during the period. Summit Asset Management LLC’s holdings in Schwab US Large-Cap ETF were worth $822,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Cabot Wealth Management Inc. boosted its stake in Schwab US Large-Cap ETF by 196.8% during the 4th quarter. Cabot Wealth Management Inc. now owns 113,456 shares of the company’s stock valued at $2,630,000 after purchasing an additional 75,229 shares during the last quarter. Stevens Capital Partners boosted its stake in shares of Schwab US Large-Cap ETF by 275.7% in the 4th quarter. Stevens Capital Partners now owns 145,325 shares of the company’s stock worth $3,369,000 after buying an additional 106,640 shares during the last quarter. Sigma Investment Counselors Inc. boosted its stake in shares of Schwab US Large-Cap ETF by 203.6% in the 4th quarter. Sigma Investment Counselors Inc. now owns 209,436 shares of the company’s stock worth $4,855,000 after buying an additional 140,459 shares during the last quarter. MONECO Advisors LLC boosted its stake in shares of Schwab US Large-Cap ETF by 337.0% in the 4th quarter. MONECO Advisors LLC now owns 53,180 shares of the company’s stock worth $1,233,000 after buying an additional 41,011 shares during the last quarter. Finally, Forvis Mazars Wealth Advisors LLC boosted its stake in shares of Schwab US Large-Cap ETF by 104.7% in the 4th quarter. Forvis Mazars Wealth Advisors LLC now owns 24,193 shares of the company’s stock worth $561,000 after buying an additional 12,377 shares during the last quarter.

Schwab US Large-Cap ETF Price Performance

SCHX stock opened at $23.75 on Friday. The company has a market cap of $53.20 billion, a P/E ratio of 26.64 and a beta of 1.02. Schwab US Large-Cap ETF has a 1 year low of $19.50 and a 1 year high of $24.31. The stock’s fifty day moving average price is $23.72 and its 200-day moving average price is $23.06.

About Schwab US Large-Cap ETF

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.