Brown Wealth Management LLC Acquires 46,134 Shares of Schwab U.S. Large-Cap Growth ETF $SCHG

Brown Wealth Management LLC grew its holdings in shares of Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) by 42.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 154,277 shares of the company’s stock after acquiring an additional 46,134 shares during the period. Schwab U.S. Large-Cap Growth ETF comprises 1.4% of Brown Wealth Management LLC’s holdings, making the stock its 19th largest holding. Brown Wealth Management LLC’s holdings in Schwab U.S. Large-Cap Growth ETF were worth $4,506,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Envestnet Asset Management Inc. lifted its holdings in Schwab U.S. Large-Cap Growth ETF by 14.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 55,240,546 shares of the company’s stock worth $1,613,576,000 after buying an additional 6,979,991 shares during the period. RMG Wealth Management LLC bought a new position in shares of Schwab U.S. Large-Cap Growth ETF during the second quarter worth about $142,573,000. HighTower Advisors LLC lifted its stake in shares of Schwab U.S. Large-Cap Growth ETF by 70.8% in the first quarter. HighTower Advisors LLC now owns 7,614,284 shares of the company’s stock worth $190,662,000 after acquiring an additional 3,155,669 shares during the period. Golden Reserve Retirement LLC bought a new stake in Schwab U.S. Large-Cap Growth ETF in the first quarter valued at approximately $69,560,000. Finally, LPL Financial LLC increased its position in Schwab U.S. Large-Cap Growth ETF by 11.6% during the 1st quarter. LPL Financial LLC now owns 24,607,170 shares of the company’s stock valued at $616,163,000 after purchasing an additional 2,554,009 shares during the period.

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

Shares of NYSEARCA SCHG opened at $31.58 on Wednesday. The company has a market capitalization of $51.31 billion, a P/E ratio of 34.24 and a beta of 1.15. Schwab U.S. Large-Cap Growth ETF has a 52-week low of $21.37 and a 52-week high of $33.74. The company’s 50 day moving average price is $32.24 and its 200-day moving average price is $30.14.

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.