Midwest Capital Advisors LLC Buys New Stake in Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG)

Midwest Capital Advisors LLC purchased a new position in shares of Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 1,051,703 shares of the company’s stock, valued at approximately $29,311,000. Schwab U.S. Large-Cap Growth ETF accounts for 21.4% of Midwest Capital Advisors LLC’s investment portfolio, making the stock its biggest holding.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Carnegie Investment Counsel lifted its position in shares of Schwab U.S. Large-Cap Growth ETF by 293.5% during the 4th quarter. Carnegie Investment Counsel now owns 16,062 shares of the company’s stock worth $448,000 after buying an additional 11,980 shares during the period. HighMark Wealth Management LLC boosted its stake in shares of Schwab U.S. Large-Cap Growth ETF by 300.2% in the 4th quarter. HighMark Wealth Management LLC now owns 2,045 shares of the company’s stock valued at $57,000 after purchasing an additional 1,534 shares in the last quarter. Summit Wealth & Retirement Planning Inc. grew its holdings in shares of Schwab U.S. Large-Cap Growth ETF by 292.7% in the 4th quarter. Summit Wealth & Retirement Planning Inc. now owns 1,532,498 shares of the company’s stock worth $42,711,000 after purchasing an additional 1,142,247 shares during the last quarter. Burney Co. increased its position in shares of Schwab U.S. Large-Cap Growth ETF by 117.9% during the 4th quarter. Burney Co. now owns 11,668 shares of the company’s stock worth $325,000 after purchasing an additional 6,313 shares in the last quarter. Finally, Kingsview Wealth Management LLC lifted its holdings in Schwab U.S. Large-Cap Growth ETF by 363.6% during the 4th quarter. Kingsview Wealth Management LLC now owns 421,641 shares of the company’s stock valued at $11,751,000 after purchasing an additional 330,686 shares during the last quarter.

Schwab U.S. Large-Cap Growth ETF Trading Down 2.5 %

Shares of Schwab U.S. Large-Cap Growth ETF stock opened at $28.01 on Monday. The stock has a market capitalization of $8.19 billion, a price-to-earnings ratio of 39.82 and a beta of 1.25. The firm’s 50-day moving average price is $28.44 and its two-hundred day moving average price is $27.07. Schwab U.S. Large-Cap Growth ETF has a 1-year low of $21.68 and a 1-year high of $29.14.

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.