Schwab US Large-Cap ETF (NYSEARCA:SCHX) is Towercrest Capital Management’s 2nd Largest Position

Towercrest Capital Management cut its position in Schwab US Large-Cap ETF (NYSEARCA:SCHX) by 2.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 754,143 shares of the company’s stock after selling 21,603 shares during the period. Schwab US Large-Cap ETF accounts for 7.9% of Towercrest Capital Management’s investment portfolio, making the stock its 2nd largest holding. Towercrest Capital Management owned approximately 0.12% of Schwab US Large-Cap ETF worth $48,454,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Triad Wealth Partners LLC purchased a new position in Schwab US Large-Cap ETF in the second quarter valued at approximately $28,000. Pineridge Advisors LLC purchased a new position in shares of Schwab US Large-Cap ETF in the 4th quarter valued at $31,000. GAMMA Investing LLC raised its stake in Schwab US Large-Cap ETF by 139.8% during the 1st quarter. GAMMA Investing LLC now owns 494 shares of the company’s stock worth $31,000 after acquiring an additional 288 shares in the last quarter. Able Wealth Management LLC purchased a new stake in Schwab US Large-Cap ETF in the fourth quarter valued at $32,000. Finally, Iron Horse Wealth Management LLC acquired a new position in Schwab US Large-Cap ETF in the second quarter valued at $33,000.

Schwab US Large-Cap ETF Stock Performance

NYSEARCA SCHX traded down $1.10 on Friday, reaching $63.84. The stock had a trading volume of 2,099,164 shares, compared to its average volume of 1,638,769. The stock has a market cap of $41.62 billion, a P/E ratio of 26.53 and a beta of 1.02. The business’s 50-day moving average price is $64.94 and its 200 day moving average price is $62.84. Schwab US Large-Cap ETF has a 12-month low of $48.31 and a 12-month high of $66.83.

Schwab US Large-Cap ETF Company 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.