DAVENPORT & Co LLC Increases Holdings in Schwab U.S. Large-Cap Growth ETF

On February 5, 2025, DAVENPORT & Co LLC announced a significant increase in its investment in the Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG). According to their recent filing with the Securities and Exchange Commission (SEC), the firm raised its holdings by an impressive 299.3% during the fourth quarter of the previous year. This move resulted in DAVENPORT & Co LLC owning a total of 94,274 shares, having acquired an additional 70,665 shares in that period. At the conclusion of the most recent reporting period, the value of their investment in the Schwab U.S. Large-Cap Growth ETF stood at approximately $2,627,000.

A number of other institutional investors have also been active regarding the Schwab U.S. Large-Cap Growth ETF. For instance, Versant Capital Management Inc increased its position in the ETF by 300.4% during the fourth quarter, bringing its total to 1,017 shares, valued at about $28,000 following the acquisition of 763 additional shares. Tsfg LLC and Roble Belko & Company Inc. each increased their holdings by 300% during the same period, resulting in ownership of 1,200 shares worth $33,000 and 1,356 shares worth $38,000, respectively. Founders Capital Management also saw a similar increase of 300%, acquiring a total of 1,404 shares valued at $39,000. Furthermore, Hanseatic Management Services Inc. raised its stake by 307.1%, now holding 1,775 shares valued at $49,000.

Performance of Schwab U.S. Large-Cap Growth ETF

As of the latest trading session, the Schwab U.S. Large-Cap Growth ETF was priced at $28.52. Over the past fifty days, the stock has maintained a moving average price of $28.33, with a longer-term average of $26.65 over the past 200 days. The ETF currently has a market capitalization of $8.34 billion and a price-to-earnings ratio of 39.82, indicating its growth potential. Over the past year, the ETF has experienced a low of $21.68 and a high of $29.14.

Overview of Schwab U.S. Large-Cap Growth ETF

The Schwab U.S. Large-Cap Growth ETF aims to replicate the total return of the Dow Jones U.S. Large-Cap Growth Total Stock Market Index. This means that the ETF focuses on the large-cap growth section of the broader Dow Jones U.S. Total Stock Market Index, creating investment opportunities for those looking to invest in large-cap growth stocks.

investment, shares, ETF