Carnegie Investment Counsel Increases Stake in Schwab U.S. Large-Cap Growth ETF

Carnegie Investment Counsel has significantly increased its holdings in the Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG – Free Report) by an impressive 293.5% during the fourth quarter, as reported in their latest filing with the Securities and Exchange Commission (SEC). As a result of this increase, the institutional investor now owns a total of 16,062 shares of the ETF, after purchasing an additional 11,980 shares in the last quarter. By the close of this period, the value of Carnegie Investment Counsel's holdings in the ETF stood at approximately $448,000.

In addition to Carnegie Investment Counsel, several other institutional investors have also adjusted their stakes in SCHG. For instance, Boyce & Associates Wealth Consulting Inc. raised its position in the ETF by 2.2% during the third quarter, giving it ownership of 5,080 shares valued at $529,000 after acquiring 109 additional shares. Moreover, Evergreen Capital Management LLC increased its stake by 3.3% in the second quarter, now holding 3,964 shares worth $400,000, following the purchase of an extra 126 shares.

Blair William & Co. IL also enhanced its holdings in SCHG, growing its position by 0.4% during the second quarter and now owning 49,047 shares valued at $4,946,000 after adding 189 shares. Wescott Financial Advisory Group LLC expanded its investment in the ETF by 3.1% in the same quarter, bringing its holdings to 6,917 shares worth $698,000 after an addition of 211 shares.

Furthermore, Evanson Asset Management LLC boosted its stake in the ETF by 10.2% during the third quarter, and it currently owns 3,023 shares valued at $315,000 after buying 280 more shares in the last quarter.

SCHG Trading Performance

The Schwab U.S. Large-Cap Growth ETF (SCHG) opened trading at $28.29 on the last Friday. The ETF has a market capitalization of approximately $8.27 billion, a price-to-earnings (PE) ratio of 39.82, and a beta of 1.25, indicating its volatility compared to the market. The 50-day moving average price for SCHG is $28.09, whilst the 200-day moving average stands at $26.45. Over the past year, the ETF has experienced a low of $20.85 and a high of $29.14.

About Schwab U.S. Large-Cap Growth ETF

The Schwab U.S. Large-Cap Growth ETF aims to track the total return of the Dow Jones U.S. Large-Cap Growth Total Stock Market Index. The index represents the large-cap growth sector of the broad Dow Jones U.S. Total Stock Market Index, providing investors access to high-quality growth companies within the U.S. market.

Carnegie, Schwab, Investment