Payne Capital LLC Buys 313,605 Shares of Schwab US Large-Cap ETF $SCHX

Payne Capital LLC lifted its stake in Schwab US Large-Cap ETF (NYSEARCA:SCHX) by 224.6% during the first quarter, Holdings Channel reports. The fund owned 453,237 shares of the company’s stock after acquiring an additional 313,605 shares during the quarter. Schwab US Large-Cap ETF accounts for 10.7% of Payne Capital LLC’s holdings, making the stock its largest position. Payne Capital LLC’s holdings in Schwab US Large-Cap ETF were worth $11,621,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Brighton Jones LLC boosted its position in Schwab US Large-Cap ETF by 198.5% during the fourth quarter. Brighton Jones LLC now owns 211,330 shares of the company’s stock worth $4,899,000 after purchasing an additional 140,539 shares during the period. Russell Investments Group Ltd. raised its position in shares of Schwab US Large-Cap ETF by 33.3% in the second quarter. Russell Investments Group Ltd. now owns 62,112 shares of the company’s stock valued at $1,518,000 after purchasing an additional 15,522 shares during the period. First Trust Advisors LP bought a new position in shares of Schwab US Large-Cap ETF in the second quarter valued at approximately $633,000. Baird Financial Group Inc. lifted its stake in shares of Schwab US Large-Cap ETF by 25.1% in the second quarter. Baird Financial Group Inc. now owns 35,076 shares of the company’s stock worth $857,000 after buying an additional 7,045 shares during the last quarter. Finally, Ieq Capital LLC lifted its stake in shares of Schwab US Large-Cap ETF by 9.1% in the second quarter. Ieq Capital LLC now owns 247,992 shares of the company’s stock worth $6,061,000 after buying an additional 20,758 shares during the last quarter.

Schwab US Large-Cap ETF Trading Down 0.1%

NYSEARCA SCHX opened at $28.88 on Friday. Schwab US Large-Cap ETF has a 1 year low of $24.08 and a 1 year high of $29.95. The company has a fifty day simple moving average of $28.94 and a 200 day simple moving average of $27.56. The company has a market cap of $69.64 billion, a P/E ratio of 25.66 and a beta of 1.01.

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. The Index is a float-adjusted market capitalization weighted index. The types of derivatives used by the Fund are options, futures, options on futures and swaps.