Tortoise Investment Management LLC Trims Position in Schwab US Large-Cap ETF $SCHX

Tortoise Investment Management LLC lessened its stake in shares of Schwab US Large-Cap ETF (NYSEARCA:SCHX) by 5.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 705,007 shares of the company’s stock after selling 37,363 shares during the period. Schwab US Large-Cap ETF accounts for approximately 1.7% of Tortoise Investment Management LLC’s portfolio, making the stock its 12th biggest position. Tortoise Investment Management LLC’s holdings in Schwab US Large-Cap ETF were worth $18,972,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Moneta Group Investment Advisors LLC raised its holdings in shares of Schwab US Large-Cap ETF by 5.5% during the 3rd quarter. Moneta Group Investment Advisors LLC now owns 34,779,046 shares of the company’s stock worth $916,080,000 after acquiring an additional 1,808,743 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of Schwab US Large-Cap ETF by 5.8% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 29,438,303 shares of the company’s stock worth $775,405,000 after purchasing an additional 1,616,966 shares during the last quarter. Sage Financial Group Inc. increased its position in shares of Schwab US Large-Cap ETF by 0.8% during the 3rd quarter. Sage Financial Group Inc. now owns 25,009,642 shares of the company’s stock worth $658,754,000 after purchasing an additional 199,289 shares during the last quarter. Captrust Financial Advisors increased its position in shares of Schwab US Large-Cap ETF by 1.5% during the 3rd quarter. Captrust Financial Advisors now owns 18,482,949 shares of the company’s stock worth $486,841,000 after purchasing an additional 272,099 shares during the last quarter. Finally, Diversified Enterprises LLC increased its position in shares of Schwab US Large-Cap ETF by 2.9% during the 4th quarter. Diversified Enterprises LLC now owns 16,962,165 shares of the company’s stock worth $456,452,000 after purchasing an additional 480,959 shares during the last quarter.

Schwab US Large-Cap ETF Trading Down 0.0%

Shares of NYSEARCA:SCHX opened at $29.03 on Tuesday. The business has a 50-day moving average price of $27.16 and a 200 day moving average price of $27.04. The company has a market capitalization of $70.00 billion, a price-to-earnings ratio of 25.66 and a beta of 1.01. Schwab US Large-Cap ETF has a 12-month low of $21.81 and a 12-month high of $29.46.

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. The Index is a float-adjusted market capitalization weighted index. The types of derivatives used by the Fund are options, futures, options on futures and swaps.