Cornerstone Wealth Advisors Inc. Boosts Position in Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG)

Cornerstone Wealth Advisors Inc. boosted its holdings in shares of Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) by 287.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,708,473 shares of the company’s stock after acquiring an additional 1,267,048 shares during the quarter. Schwab U.S. Large-Cap Growth ETF accounts for about 13.1% of Cornerstone Wealth Advisors Inc.’s portfolio, making the stock its 3rd largest position. Cornerstone Wealth Advisors Inc. owned 0.58% of Schwab U.S. Large-Cap Growth ETF worth $47,615,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Versant Capital Management Inc lifted its position in shares of Schwab U.S. Large-Cap Growth ETF by 300.4% in the 4th quarter. Versant Capital Management Inc now owns 1,017 shares of the company’s stock worth $28,000 after purchasing an additional 763 shares during the period. Tsfg LLC lifted its position in shares of Schwab U.S. Large-Cap Growth ETF by 300.0% in the 4th quarter. Tsfg LLC now owns 1,200 shares of the company’s stock worth $33,000 after purchasing an additional 900 shares during the period. Roble Belko & Company Inc lifted its position in shares of Schwab U.S. Large-Cap Growth ETF by 300.0% in the 4th quarter. Roble Belko & Company Inc now owns 1,356 shares of the company’s stock worth $38,000 after purchasing an additional 1,017 shares during the period. Founders Capital Management lifted its position in shares of Schwab U.S. Large-Cap Growth ETF by 300.0% in the 4th quarter. Founders Capital Management now owns 1,404 shares of the company’s stock worth $39,000 after purchasing an additional 1,053 shares during the period. Finally, Hanseatic Management Services Inc. lifted its position in shares of Schwab U.S. Large-Cap Growth ETF by 307.1% in the 4th quarter. Hanseatic Management Services Inc. now owns 1,775 shares of the company’s stock worth $49,000 after purchasing an additional 1,339 shares during the period.

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

Shares of NYSEARCA SCHG opened at $28.90 on Friday. The company has a market capitalization of $8.45 billion, a P/E ratio of 39.82 and a beta of 1.25. Schwab U.S. Large-Cap Growth ETF has a 52-week low of $21.27 and a 52-week high of $29.14. The company’s 50 day moving average price is $28.21 and its 200-day moving average price is $26.54.

About Schwab U.S. Large-Cap Growth ETF

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.