Meritage Portfolio Management Raises Position in Schwab U.S. Large-Cap Growth ETF $SCHG

Meritage Portfolio Management grew its holdings in Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) by 778.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 750,774 shares of the company’s stock after purchasing an additional 665,324 shares during the period. Schwab U.S. Large-Cap Growth ETF makes up about 1.4% of Meritage Portfolio Management’s portfolio, making the stock its 9th biggest position. Meritage Portfolio Management’s holdings in Schwab U.S. Large-Cap Growth ETF were worth $21,930,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Ehrlich Financial Group lifted its stake in Schwab U.S. Large-Cap Growth ETF by 2.3% in the 2nd quarter. Ehrlich Financial Group now owns 16,268 shares of the company’s stock valued at $475,000 after purchasing an additional 367 shares during the last quarter. BIP Wealth LLC grew its position in Schwab U.S. Large-Cap Growth ETF by 1.9% during the 1st quarter. BIP Wealth LLC now owns 20,944 shares of the company’s stock worth $524,000 after acquiring an additional 383 shares during the last quarter. Wedmont Private Capital grew its position in Schwab U.S. Large-Cap Growth ETF by 0.6% during the 2nd quarter. Wedmont Private Capital now owns 66,773 shares of the company’s stock worth $1,966,000 after acquiring an additional 387 shares during the last quarter. Earned Wealth Advisors LLC grew its position in Schwab U.S. Large-Cap Growth ETF by 3.7% during the 1st quarter. Earned Wealth Advisors LLC now owns 10,943 shares of the company’s stock worth $274,000 after acquiring an additional 391 shares during the last quarter. Finally, Van Hulzen Asset Management LLC grew its position in Schwab U.S. Large-Cap Growth ETF by 2.7% during the 1st quarter. Van Hulzen Asset Management LLC now owns 15,419 shares of the company’s stock worth $386,000 after acquiring an additional 403 shares during the last quarter.

Schwab U.S. Large-Cap Growth ETF Stock Down 3.4%

Shares of SCHG stock opened at $31.41 on Friday. The firm has a market capitalization of $50.12 billion, a P/E ratio of 34.24 and a beta of 1.10. Schwab U.S. Large-Cap Growth ETF has a twelve month low of $21.37 and a twelve month high of $32.63. The stock’s fifty day simple moving average is $31.12 and its 200 day simple moving average is $28.53.

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.