Carnegie Investment Counsel Increases Stake in Schwab U.S. Large-Cap Growth ETF (SCHG)

Carnegie Investment Counsel has significantly increased its investment in the Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG – Free Report), raising its position by an astonishing 293.5% during the fourth quarter. Their recent filing with the Securities and Exchange Commission (SEC) revealed that the firm now holds 16,062 shares after acquiring an additional 11,980 shares within this period. This strategic move has pushed the value of Carnegie's holdings in this ETF to approximately $448,000 at the quarter's close.

Other institutional investors have also made adjustments to their holdings in SCHG. For instance, Boyce & Associates Wealth Consulting Inc. increased its stake by 2.2% during the third quarter, bringing its total to 5,080 shares worth about $529,000 after adding 109 shares. Similarly, Evergreen Capital Management LLC raised its stake by 3.3% in the second quarter, now owning 3,964 shares valued at $400,000 after boosting its holdings by 126 shares.

Blair William & Co. IL also enhanced its investment in the same period, achieving a 0.4% increase, ultimately owning 49,047 shares worth nearly $4,946,000 after purchasing 189 extra shares. Wescott Financial Advisory Group LLC recorded a 3.1% increase in its position during the second quarter, now holding 6,917 shares valued at $698,000 after buying an additional 211 shares.

In the third quarter, Evanson Asset Management LLC expanded its stake by 10.2%, now managing 3,023 shares worth $315,000 following the acquisition of 280 extra shares.

Current Trading Status of Schwab U.S. Large-Cap Growth ETF

The Schwab U.S. Large-Cap Growth ETF (SCHG) experienced a trading increase of 1.3%, with shares opening at $28.29. The ETF currently boasts a market capitalization of $8.27 billion, a price-to-earnings (PE) ratio of 39.82, and a beta of 1.25, reflecting its volatility comparison to the market. The ETF has a 50-day moving average price of $28.09 and a 200-day moving average price of $26.45, signaling positive long-term trends. Over the past year, SCHG has hit a low of $20.85 and a high of $29.14.

Fund Objective of Schwab U.S. Large-Cap Growth ETF

The Schwab U.S. Large-Cap Growth ETF aims to replicate the total return of the Dow Jones U.S. Large-Cap Growth Total Stock Market Index. This index encompasses the large-cap growth securities that are part of the broader Dow Jones U.S. Total Stock Market Index, making it an appealing option for investors seeking exposure in this segment of the market.

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