Transamerica Financial Advisors Inc. Purchases 553,058 Shares of Schwab US Large-Cap ETF (NYSEARCA:SCHX)

Transamerica Financial Advisors Inc. lifted its holdings in shares of Schwab US Large-Cap ETF (NYSEARCA:SCHX) by 210.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 815,335 shares of the company’s stock after purchasing an additional 553,058 shares during the period. Schwab US Large-Cap ETF accounts for about 1.9% of Transamerica Financial Advisors Inc.’s investment portfolio, making the stock its 6th biggest holding. Transamerica Financial Advisors Inc.’s holdings in Schwab US Large-Cap ETF were worth $18,900,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. US Bancorp DE raised its position in Schwab US Large-Cap ETF by 902.4% in the fourth quarter. US Bancorp DE now owns 206,419,096 shares of the company’s stock worth $4,784,795,000 after acquiring an additional 185,825,669 shares in the last quarter. Sei Investments Co. increased its holdings in shares of Schwab US Large-Cap ETF by 184.7% in the 4th quarter. Sei Investments Co. now owns 35,164,430 shares of the company’s stock valued at $815,114,000 after purchasing an additional 22,812,367 shares in the last quarter. HBK Sorce Advisory LLC lifted its stake in shares of Schwab US Large-Cap ETF by 202.2% in the fourth quarter. HBK Sorce Advisory LLC now owns 32,139,846 shares of the company’s stock valued at $745,002,000 after purchasing an additional 21,503,265 shares during the period. Sage Financial Group Inc. lifted its stake in shares of Schwab US Large-Cap ETF by 197.7% in the fourth quarter. Sage Financial Group Inc. now owns 24,865,286 shares of the company’s stock valued at $576,377,000 after purchasing an additional 16,511,474 shares during the period. Finally, Diversified Enterprises LLC grew its position in Schwab US Large-Cap ETF by 275.0% during the fourth quarter. Diversified Enterprises LLC now owns 14,875,742 shares of the company’s stock worth $344,820,000 after buying an additional 10,909,001 shares during the period.

Schwab US Large-Cap ETF Trading Down 1.9 %

SCHX stock opened at $21.96 on Friday. The firm has a 50 day moving average of $23.32 and a 200-day moving average of $23.21. The company has a market cap of $49.63 billion, a price-to-earnings ratio of 24.34 and a beta of 1.03. Schwab US Large-Cap ETF has a 12-month low of $19.50 and a 12-month high of $24.31.

Schwab US Large-Cap ETF Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, March 31st. Investors of record on Wednesday, March 26th will be issued a dividend of $0.0668 per share. The ex-dividend date is Wednesday, March 26th.

Schwab US Large-Cap ETF Profile

Schwab U.S. Large-Cap ETF (the Fund) goal is to track the total return of the Dow Jones U.S. Large-Cap Total Stock Market Index (the Index). The Fund’s index includes the large-cap portion of the Dow Jones U.S. Total Stock Market Index available to investors in the marketplace. The Dow Jones U.S. Large-Cap Total Stock Market Index includes the components ranked 1-750 by full market capitalization.