Carnegie Investment Counsel Expands Its Holdings in Schwab U.S. Large-Cap Growth ETF

In the fourth quarter, Carnegie Investment Counsel significantly increased its investment in the Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) by an impressive 293.5%. This information comes from the company’s latest filing with the Securities and Exchange Commission (SEC). After acquiring an additional 11,980 shares, Carnegie now owns a total of 16,062 shares of the ETF. At the close of the recent quarter, these holdings had a value of approximately $448,000.

Several other institutional investors have also recently adjusted their stakes in the Schwab U.S. Large-Cap Growth ETF. For example, Boyce & Associates Wealth Consulting Inc. raised its position by 2.2% during the third quarter, ending with 5,080 shares valued at about $529,000 after purchasing 109 additional shares. Similarly, Evergreen Capital Management LLC increased its stake by 3.3% in the second quarter, now holding 3,964 shares worth $400,000 following the acquisition of 126 shares. Blair William & Co. IL also made a slight increase of 0.4% in its holdings, bringing its total to 49,047 shares valued at $4,946,000 after buying 189 more shares in the last quarter. Wescott Financial Advisory Group LLC grew its position by 3.1% in the same quarter, now owning 6,917 shares worth approximately $698,000 after an additional purchase of 211 shares.

Furthermore, Evanson Asset Management LLC increased its stake by 10.2% in the third quarter, currently holding 3,023 shares valued at $315,000 after buying 280 more shares.

Market Performance of Schwab U.S. Large-Cap Growth ETF

As of Friday, the Schwab U.S. Large-Cap Growth ETF traded up by 1.3%, opening at $28.29. This ETF boasts a market capitalization of $8.27 billion, a price-to-earnings ratio of 39.82, and a beta of 1.25. Its 50-day moving average price stands at $28.09, while the 200-day moving average price is $26.45. The ETF has seen a 12-month low of $20.85 and a high of $29.14.

Overview of Schwab U.S. Large-Cap Growth ETF

The Schwab U.S. Large-Cap Growth ETF aims to replicate the total return of the Dow Jones U.S. Large-Cap Growth Total Stock Market Index. This index includes stocks that represent the large-cap growth sector of the broader Dow Jones U.S. Total Stock Market Index, making it a significant option for investors focused on growth.

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Schwab, ETF, Investment