Modera Wealth Management LLC Purchases 1,320,207 Shares of Schwab US Large-Cap ETF $SCHX

Modera Wealth Management LLC purchased a new position in shares of Schwab US Large-Cap ETF (NYSEARCA:SCHX) during the third quarter, HoldingsChannel reports. The institutional investor purchased 1,320,207 shares of the company’s stock, valued at approximately $39,606,000.

Several other hedge funds have also made changes to their positions in the business. Vantagepoint Investment Advisers LLC purchased a new stake in shares of Schwab US Large-Cap ETF in the third quarter valued at $217,526,000. SigFig Wealth Management LLC lifted its position in Schwab US Large-Cap ETF by 226.8% during the third quarter. SigFig Wealth Management LLC now owns 6,835,181 shares of the company’s stock worth $205,055,000 after buying an additional 4,743,566 shares during the period. Financial Solutions Advisory Group Inc. purchased a new position in Schwab US Large-Cap ETF during the first quarter worth about $70,778,000. Scarborough Advisors LLC purchased a new position in Schwab US Large-Cap ETF during the first quarter worth about $60,491,000. Finally, Valley National Advisers Inc. acquired a new stake in Schwab US Large-Cap ETF in the 3rd quarter worth about $65,007,000.

Schwab US Large-Cap ETF Trading Down 1.8%

Shares of NYSEARCA:SCHX opened at $29.73 on Friday. The firm has a market cap of $73.22 billion, a price-to-earnings ratio of 25.66 and a beta of 1.01. The stock’s 50-day moving average price is $30.23 and its two-hundred day moving average price is $28.71. Schwab US Large-Cap ETF has a 12-month low of $24.81 and a 12-month high of $30.79.

About Schwab US Large-Cap ETF

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.