Cornerstone Wealth Advisors Inc. Buys 177,374 Shares of Schwab US Large-Cap ETF (NYSEARCA:SCHX)

Cornerstone Wealth Advisors Inc. boosted its holdings in shares of Schwab US Large-Cap ETF (NYSEARCA:SCHX) by 187.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 272,165 shares of the company’s stock after acquiring an additional 177,374 shares during the quarter. Schwab US Large-Cap ETF accounts for about 1.7% of Cornerstone Wealth Advisors Inc.’s portfolio, making the stock its 11th largest position. Cornerstone Wealth Advisors Inc.’s holdings in Schwab US Large-Cap ETF were worth $6,309,000 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. Concourse Financial Group Securities Inc. grew its stake in shares of Schwab US Large-Cap ETF by 224.3% in the 3rd quarter. Concourse Financial Group Securities Inc. now owns 373 shares of the company’s stock worth $25,000 after acquiring an additional 258 shares in the last quarter. Versant Capital Management Inc grew its position in Schwab US Large-Cap ETF by 201.0% during the fourth quarter. Versant Capital Management Inc now owns 1,261 shares of the company’s stock valued at $29,000 after buying an additional 842 shares during the period. IFS Advisors LLC bought a new position in Schwab US Large-Cap ETF during the fourth quarter valued at about $30,000. Brooklyn Investment Group purchased a new stake in Schwab US Large-Cap ETF during the fourth quarter valued at about $32,000. Finally, Rise Advisors LLC lifted its holdings in shares of Schwab US Large-Cap ETF by 459.5% in the fourth quarter. Rise Advisors LLC now owns 1,410 shares of the company’s stock worth $33,000 after buying an additional 1,158 shares in the last quarter.

Schwab US Large-Cap ETF Price Performance

Shares of SCHX opened at $24.13 on Friday. The firm’s 50 day simple moving average is $23.63 and its 200 day simple moving average is $22.70. The company has a market capitalization of $15.73 billion, a P/E ratio of 26.53 and a beta of 1.02. Schwab US Large-Cap ETF has a 1-year low of $19.08 and a 1-year high of $24.23.

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.