SVRN Asset Management LLC Purchases New Holdings in Schwab U.S. Large-Cap Growth ETF $SCHG

SVRN Asset Management LLC purchased a new stake in shares of Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 20,515 shares of the company’s stock, valued at approximately $669,000. Schwab U.S. Large-Cap Growth ETF comprises 0.6% of SVRN Asset Management LLC’s holdings, making the stock its 26th biggest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SCHG. Valpey Financial Services LLC increased its stake in Schwab U.S. Large-Cap Growth ETF by 3,085.3% during the fourth quarter. Valpey Financial Services LLC now owns 8,003,802 shares of the company’s stock valued at $245,365,000 after acquiring an additional 7,752,527 shares during the period. Thrivent Financial for Lutherans increased its stake in Schwab U.S. Large-Cap Growth ETF by 7,909.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 3,110,459 shares of the company’s stock valued at $101,473,000 after acquiring an additional 3,071,625 shares during the period. BlueStem Wealth Partners LLC bought a new position in Schwab U.S. Large-Cap Growth ETF during the fourth quarter valued at about $92,090,000. LPL Financial LLC increased its stake in Schwab U.S. Large-Cap Growth ETF by 7.8% during the fourth quarter. LPL Financial LLC now owns 34,166,654 shares of the company’s stock valued at $1,114,516,000 after acquiring an additional 2,464,714 shares during the period. Finally, Koshinski Asset Management Inc. bought a new position in Schwab U.S. Large-Cap Growth ETF during the fourth quarter valued at about $68,706,000.

Schwab U.S. Large-Cap Growth ETF Stock Up 0.1%

Shares of SCHG opened at $33.42 on Friday. Schwab U.S. Large-Cap Growth ETF has a 12-month low of $27.68 and a 12-month high of $35.42. The firm has a market capitalization of $56.49 billion, a price-to-earnings ratio of 34.24 and a beta of 1.19. The stock’s 50-day moving average price is $33.10 and its 200 day moving average price is $32.11.

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. 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.