Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) Reaches New 12-Month High – Here’s What Happened

Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $27.92 and last traded at $27.91, with a volume of 3038004 shares changing hands. The stock had previously closed at $27.79.

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

The company’s 50 day simple moving average is $26.07 and its 200 day simple moving average is $25.11. The firm has a market cap of $8.12 billion, a price-to-earnings ratio of 39.82 and a beta of 1.25.

Institutional Investors Weigh In On Schwab U.S. Large-Cap Growth ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Fairfield Financial Advisors LTD acquired a new position in Schwab U.S. Large-Cap Growth ETF during the 2nd quarter valued at about $25,000. Pineridge Advisors LLC raised its stake in shares of Schwab U.S. Large-Cap Growth ETF by 45.7% in the 1st quarter. Pineridge Advisors LLC now owns 386 shares of the company’s stock valued at $36,000 after buying an additional 121 shares in the last quarter. VitalStone Financial LLC acquired a new position in shares of Schwab U.S. Large-Cap Growth ETF in the 2nd quarter valued at $46,000. Anfield Capital Management LLC acquired a new stake in shares of Schwab U.S. Large-Cap Growth ETF during the 2nd quarter worth about $60,000. Finally, Hexagon Capital Partners LLC acquired a new stake in shares of Schwab U.S. Large-Cap Growth ETF during the 2nd quarter worth about $61,000.

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.