Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) Reaches New 52-Week High – Here’s Why

Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $28.96 and last traded at $28.92, with a volume of 793912 shares changing hands. The stock had previously closed at $28.76.

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

The stock has a market capitalization of $8.48 billion, a price-to-earnings ratio of 39.82 and a beta of 1.25. The company has a 50-day simple moving average of $27.23 and a two-hundred day simple moving average of $25.85.

Institutional Trading of Schwab U.S. Large-Cap Growth ETF

A number of institutional investors have recently made changes to their positions in SCHG. Raymond James & Associates boosted its holdings in Schwab U.S. Large-Cap Growth ETF by 6.0% during the second quarter. Raymond James & Associates now owns 273,834 shares of the company’s stock worth $27,613,000 after buying an additional 15,485 shares in the last quarter. Dakota Wealth Management grew its position in shares of Schwab U.S. Large-Cap Growth ETF by 27.3% in the second quarter. Dakota Wealth Management now owns 55,124 shares of the company’s stock valued at $5,561,000 after purchasing an additional 11,807 shares during the last quarter. Nadler Financial Group Inc. increased its position in Schwab U.S. Large-Cap Growth ETF by 2.0% in the 2nd quarter. Nadler Financial Group Inc. now owns 481,315 shares of the company’s stock worth $48,536,000 after buying an additional 9,404 shares during the period. Fifth Third Bancorp lifted its holdings in shares of Schwab U.S. Large-Cap Growth ETF by 8.8% during the second quarter. Fifth Third Bancorp now owns 1,855 shares of the company’s stock worth $187,000 after buying an additional 150 shares during the last quarter. Finally, Atria Wealth Solutions Inc. grew its stake in shares of Schwab U.S. Large-Cap Growth ETF by 9.6% in the second quarter. Atria Wealth Solutions Inc. now owns 258,660 shares of the company’s stock worth $26,103,000 after acquiring an additional 22,703 shares during the last quarter.

Schwab U.S. Large-Cap Growth ETF Company Profile

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.