SVRN Asset Management LLC Invests $669,000 in Schwab U.S. Large-Cap Growth ETF $SCHG

SVRN Asset Management LLC acquired a new position in Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 20,515 shares of the company’s stock, valued at approximately $669,000. Schwab U.S. Large-Cap Growth ETF accounts for approximately 0.6% of SVRN Asset Management LLC’s investment portfolio, making the stock its 26th largest position.

A number of other institutional investors have also made changes to their positions in SCHG. Bessemer Group Inc. bought a new position in shares of Schwab U.S. Large-Cap Growth ETF in the third quarter worth about $31,000. Cary Street Partners Investment Advisory LLC increased its stake in shares of Schwab U.S. Large-Cap Growth ETF by 1,922.6% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 1,072 shares of the company’s stock worth $35,000 after purchasing an additional 1,019 shares during the period. Manning & Napier Advisors LLC bought a new position in shares of Schwab U.S. Large-Cap Growth ETF in the fourth quarter worth about $49,000. Kingdom Financial Group LLC. bought a new position in shares of Schwab U.S. Large-Cap Growth ETF in the fourth quarter worth about $49,000. Finally, REAP Financial Group LLC increased its stake in shares of Schwab U.S. Large-Cap Growth ETF by 70.8% in the fourth quarter. REAP Financial Group LLC now owns 1,520 shares of the company’s stock worth $50,000 after purchasing an additional 630 shares during the period.

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

Schwab U.S. Large-Cap Growth ETF stock opened at $33.42 on Friday. The business’s 50-day simple moving average is $33.10 and its 200-day simple moving average is $32.11. The firm has a market capitalization of $56.49 billion, a PE ratio of 34.24 and a beta of 1.19. Schwab U.S. Large-Cap Growth ETF has a 52 week low of $27.68 and a 52 week high of $35.42.

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. Large-Cap Growth Total Stock Market Index includes the components ranked 1-750 by full market capitalization and that are classified as growth. The Index is a float-adjusted market capitalization weighted index.