Cornerstone Wealth Group LLC Makes New Investment in Schwab US Large-Cap ETF (NYSEARCA:SCHX)

Cornerstone Wealth Group LLC acquired a new position in shares of Schwab US Large-Cap ETF (NYSEARCA:SCHX) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 458,939 shares of the company’s stock, valued at approximately $28,482,000. Schwab US Large-Cap ETF makes up approximately 2.6% of Cornerstone Wealth Group LLC’s investment portfolio, making the stock its 6th largest position.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Richardson Capital Management LLC boosted its holdings in Schwab US Large-Cap ETF by 184,352.1% during the first quarter. Richardson Capital Management LLC now owns 442,685 shares of the company’s stock worth $27,473,000 after purchasing an additional 442,445 shares during the last quarter. Symphony Financial Ltd. Co. bought a new stake in Schwab US Large-Cap ETF during the first quarter worth $242,000. S.E.E.D. Planning Group LLC increased its position in shares of Schwab US Large-Cap ETF by 26.0% during the 1st quarter. S.E.E.D. Planning Group LLC now owns 39,371 shares of the company’s stock valued at $2,443,000 after purchasing an additional 8,127 shares during the last quarter. LongView Wealth Management boosted its holdings in shares of Schwab US Large-Cap ETF by 14.7% in the 1st quarter. LongView Wealth Management now owns 90,626 shares of the company’s stock worth $5,624,000 after buying an additional 11,598 shares during the last quarter. Finally, Cypress Wealth Services LLC purchased a new stake in shares of Schwab US Large-Cap ETF during the 1st quarter worth approximately $202,000.

Schwab US Large-Cap ETF Price Performance

NYSEARCA:SCHX traded down $0.26 on Friday, reaching $64.25. 2,362,195 shares of the company’s stock were exchanged, compared to its average volume of 1,738,162. The firm has a market cap of $41.88 billion, a price-to-earnings ratio of 26.53 and a beta of 1.02. The stock has a fifty day simple moving average of $62.45 and a 200-day simple moving average of $60.13. Schwab US Large-Cap ETF has a 52 week low of $48.31 and a 52 week high of $64.99.

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.