McCarthy Asset Management Inc. Trims Stock Position in Schwab U.S. Large-Cap Growth ETF $SCHG

McCarthy Asset Management Inc. decreased its position in shares of Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) by 5.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 339,849 shares of the company’s stock after selling 19,248 shares during the quarter. Schwab U.S. Large-Cap Growth ETF comprises approximately 6.7% of McCarthy Asset Management Inc.’s investment portfolio, making the stock its 6th biggest holding. McCarthy Asset Management Inc.’s holdings in Schwab U.S. Large-Cap Growth ETF were worth $9,927,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of SCHG. Mid American Wealth Advisory Group Inc. bought a new position in Schwab U.S. Large-Cap Growth ETF during the 2nd quarter worth approximately $26,000. Y.D. More Investments Ltd lifted its stake in Schwab U.S. Large-Cap Growth ETF by 62.8% in the first quarter. Y.D. More Investments Ltd now owns 1,420 shares of the company’s stock valued at $36,000 after buying an additional 548 shares in the last quarter. Luminist Capital LLC bought a new position in Schwab U.S. Large-Cap Growth ETF in the first quarter valued at approximately $38,000. MTM Investment Management LLC bought a new position in Schwab U.S. Large-Cap Growth ETF in the first quarter valued at approximately $45,000. Finally, Richards Merrill & Peterson Inc. bought a new position in Schwab U.S. Large-Cap Growth ETF in the first quarter valued at approximately $49,000.

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

Shares of SCHG opened at $32.69 on Friday. Schwab U.S. Large-Cap Growth ETF has a twelve month low of $21.37 and a twelve month high of $32.78. The firm’s 50 day moving average price is $31.47 and its two-hundred day moving average price is $29.09. The firm has a market cap of $51.94 billion, a P/E ratio of 34.24 and a beta of 1.10.

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.