IFP Advisors Inc Raises Stock Position in Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG)

IFP Advisors Inc raised its stake in Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) by 308.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 893,086 shares of the company’s stock after buying an additional 674,632 shares during the period. Schwab U.S. Large-Cap Growth ETF makes up approximately 0.8% of IFP Advisors Inc’s holdings, making the stock its 16th largest holding. IFP Advisors Inc owned about 0.31% of Schwab U.S. Large-Cap Growth ETF worth $24,890,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in SCHG. Carnegie Investment Counsel increased its stake in shares of Schwab U.S. Large-Cap Growth ETF by 293.5% during the 4th quarter. Carnegie Investment Counsel now owns 16,062 shares of the company’s stock worth $448,000 after purchasing an additional 11,980 shares in the last quarter. HighMark Wealth Management LLC increased its stake in shares of Schwab U.S. Large-Cap Growth ETF by 300.2% during the 4th quarter. HighMark Wealth Management LLC now owns 2,045 shares of the company’s stock worth $57,000 after purchasing an additional 1,534 shares in the last quarter. Summit Wealth & Retirement Planning Inc. increased its stake in shares of Schwab U.S. Large-Cap Growth ETF by 292.7% during the 4th quarter. Summit Wealth & Retirement Planning Inc. now owns 1,532,498 shares of the company’s stock worth $42,711,000 after purchasing an additional 1,142,247 shares in the last quarter. Burney Co. increased its stake in shares of Schwab U.S. Large-Cap Growth ETF by 117.9% during the 4th quarter. Burney Co. now owns 11,668 shares of the company’s stock worth $325,000 after purchasing an additional 6,313 shares in the last quarter. Finally, Kingsview Wealth Management LLC increased its stake in shares of Schwab U.S. Large-Cap Growth ETF by 363.6% during the 4th quarter. Kingsview Wealth Management LLC now owns 421,641 shares of the company’s stock worth $11,751,000 after purchasing an additional 330,686 shares in the last quarter.

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

Shares of SCHG opened at $28.01 on Monday. The firm has a 50 day simple moving average of $28.44 and a 200-day simple moving average of $27.07. Schwab U.S. Large-Cap Growth ETF has a 1-year low of $21.68 and a 1-year high of $29.14. The stock has a market cap of $8.19 billion, a price-to-earnings ratio of 39.82 and a beta of 1.25.

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.