Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) Hits New 12-Month High – Time to Buy?

Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $31.77 and last traded at $31.68, with a volume of 9317867 shares traded. The stock had previously closed at $31.71.

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

The company’s 50-day moving average price is $30.35 and its 200-day moving average price is $27.76. The firm has a market cap of $48.58 billion, a price-to-earnings ratio of 34.24 and a beta of 1.10.

Hedge Funds Weigh In On Schwab U.S. Large-Cap Growth ETF

Institutional investors have recently modified their holdings of the business. Valeo Financial Advisors LLC increased its position in shares of Schwab U.S. Large-Cap Growth ETF by 688.3% during the second quarter. Valeo Financial Advisors LLC now owns 327,066 shares of the company’s stock worth $9,246,000 after acquiring an additional 285,576 shares during the period. NWF Advisory Services Inc. increased its holdings in Schwab U.S. Large-Cap Growth ETF by 4.1% during the 2nd quarter. NWF Advisory Services Inc. now owns 34,397 shares of the company’s stock worth $1,005,000 after purchasing an additional 1,339 shares during the period. SevenBridge Financial Group LLC increased its holdings in Schwab U.S. Large-Cap Growth ETF by 12.7% during the 2nd quarter. SevenBridge Financial Group LLC now owns 41,898 shares of the company’s stock worth $1,286,000 after purchasing an additional 4,737 shares during the period. Osaic Holdings Inc. raised its position in Schwab U.S. Large-Cap Growth ETF by 6.7% in the 2nd quarter. Osaic Holdings Inc. now owns 18,835,687 shares of the company’s stock valued at $549,441,000 after purchasing an additional 1,175,660 shares in the last quarter. Finally, American Trust purchased a new position in shares of Schwab U.S. Large-Cap Growth ETF in the 2nd quarter valued at about $3,884,000.

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.