Powers Advisory Group LLC Buys 793,383 Shares of Schwab US Large-Cap ETF (NYSEARCA:SCHX)

Powers Advisory Group LLC raised its stake in Schwab US Large-Cap ETF (NYSEARCA:SCHX) by 196.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,196,396 shares of the company’s stock after acquiring an additional 793,383 shares during the quarter. Schwab US Large-Cap ETF comprises approximately 13.9% of Powers Advisory Group LLC’s investment portfolio, making the stock its biggest holding. Powers Advisory Group LLC’s holdings in Schwab US Large-Cap ETF were worth $27,732,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Concourse Financial Group Securities Inc. boosted its stake in shares of Schwab US Large-Cap ETF by 224.3% in the 3rd quarter. Concourse Financial Group Securities Inc. now owns 373 shares of the company’s stock valued at $25,000 after purchasing an additional 258 shares during the last quarter. City State Bank bought a new position in Schwab US Large-Cap ETF in the third quarter valued at approximately $42,000. Marquette Asset Management LLC acquired a new stake in Schwab US Large-Cap ETF during the 3rd quarter worth $43,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Schwab US Large-Cap ETF during the 2nd quarter valued at $45,000. Finally, Cornerstone Planning Group LLC lifted its stake in shares of Schwab US Large-Cap ETF by 200.8% in the 3rd quarter. Cornerstone Planning Group LLC now owns 791 shares of the company’s stock valued at $54,000 after purchasing an additional 528 shares during the period.

Schwab US Large-Cap ETF Stock Up 0.5 %

NYSEARCA:SCHX opened at $24.01 on Friday. Schwab US Large-Cap ETF has a 12-month low of $19.08 and a 12-month high of $24.23. The stock’s fifty day simple moving average is $23.68 and its 200-day simple moving average is $22.76. The firm has a market capitalization of $15.65 billion, a P/E ratio of 26.53 and a beta of 1.02.

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.