Gerber Kawasaki Wealth & Investment Management Boosts Stake in Schwab U.S. Large-Cap Growth ETF $SCHG

Gerber Kawasaki Wealth & Investment Management boosted its stake in Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) by 23.4% in the 1st quarter, Holdings Channel reports. The firm owned 27,190 shares of the company’s stock after buying an additional 5,152 shares during the quarter. Gerber Kawasaki Wealth & Investment Management’s holdings in Schwab U.S. Large-Cap Growth ETF were worth $681,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its position in Schwab U.S. Large-Cap Growth ETF by 13.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 48,260,555 shares of the company’s stock valued at $1,208,444,000 after buying an additional 5,775,232 shares during the last quarter. Mather Group LLC. boosted its stake in Schwab U.S. Large-Cap Growth ETF by 3.2% in the first quarter. Mather Group LLC. now owns 40,450,598 shares of the company’s stock valued at $1,012,883,000 after acquiring an additional 1,254,652 shares during the period. LPL Financial LLC raised its holdings in shares of Schwab U.S. Large-Cap Growth ETF by 11.6% during the first quarter. LPL Financial LLC now owns 24,607,170 shares of the company’s stock valued at $616,163,000 after buying an additional 2,554,009 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Schwab U.S. Large-Cap Growth ETF by 7.7% during the first quarter. Ameriprise Financial Inc. now owns 15,477,880 shares of the company’s stock valued at $387,608,000 after buying an additional 1,106,110 shares during the last quarter. Finally, Raymond James Financial Inc. raised its holdings in shares of Schwab U.S. Large-Cap Growth ETF by 2.3% during the first quarter. Raymond James Financial Inc. now owns 14,822,162 shares of the company’s stock valued at $371,147,000 after buying an additional 332,496 shares during the last quarter.

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

Shares of NYSEARCA:SCHG opened at $30.86 on Friday. Schwab U.S. Large-Cap Growth ETF has a 12 month low of $21.37 and a 12 month high of $30.91. The stock has a market cap of $47.33 billion, a price-to-earnings ratio of 34.24 and a beta of 1.10. The stock’s 50 day moving average price is $29.80 and its 200 day moving average price is $27.52.

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.