Peak Wealth Management LLC Makes New Investment in Schwab U.S. Large-Cap Growth ETF $SCHG

Peak Wealth Management LLC purchased a new position in Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 405,313 shares of the company’s stock, valued at approximately $13,221,000. Schwab U.S. Large-Cap Growth ETF makes up about 11.1% of Peak Wealth Management LLC’s portfolio, making the stock its biggest holding.

Several other institutional investors have also modified their holdings of the business. Envestnet Asset Management Inc. lifted its stake in shares of Schwab U.S. Large-Cap Growth ETF by 12.0% in the third quarter. Envestnet Asset Management Inc. now owns 61,891,690 shares of the company’s stock worth $1,974,964,000 after acquiring an additional 6,651,144 shares in the last quarter. Vantagepoint Investment Advisers LLC lifted its stake in shares of Schwab U.S. Large-Cap Growth ETF by 6.5% in the fourth quarter. Vantagepoint Investment Advisers LLC now owns 17,067,494 shares of the company’s stock worth $556,742,000 after acquiring an additional 1,038,388 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Schwab U.S. Large-Cap Growth ETF by 8.2% in the third quarter. Ameriprise Financial Inc. now owns 16,720,317 shares of the company’s stock worth $533,385,000 after acquiring an additional 1,261,913 shares in the last quarter. Raymond James Financial Inc. lifted its stake in shares of Schwab U.S. Large-Cap Growth ETF by 3.3% in the second quarter. Raymond James Financial Inc. now owns 15,317,027 shares of the company’s stock worth $447,410,000 after acquiring an additional 494,865 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Schwab U.S. Large-Cap Growth ETF by 9.1% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 10,027,556 shares of the company’s stock worth $319,979,000 after acquiring an additional 840,550 shares in the last quarter.

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

NYSEARCA:SCHG opened at $34.12 on Monday. Schwab U.S. Large-Cap Growth ETF has a one year low of $25.85 and a one year high of $34.16. The business’s 50-day simple moving average is $30.91 and its 200 day simple moving average is $31.80. The stock has a market cap of $57.67 billion, a price-to-earnings ratio of 34.24 and a beta of 1.19.

Schwab U.S. Large-Cap Growth ETF Profile

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. Large-Cap Growth Total Stock Market Index includes the components ranked 1-750 by full market capitalization and that are classified as growth. The Index is a float-adjusted market capitalization weighted index.