Elevation Capital Advisory LLC Makes New $9.02 Million Investment in Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG)

Elevation Capital Advisory LLC purchased a new position in Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) in the second quarter, HoldingsChannel reports. The firm purchased 89,453 shares of the company’s stock, valued at approximately $9,020,000. Schwab U.S. Large-Cap Growth ETF accounts for 4.1% of Elevation Capital Advisory LLC’s portfolio, making the stock its 12th largest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. lifted its stake in shares of Schwab U.S. Large-Cap Growth ETF by 14.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 9,977,923 shares of the company’s stock valued at $1,006,174,000 after buying an additional 1,274,595 shares in the last quarter. Sei Investments Co. increased its stake in Schwab U.S. Large-Cap Growth ETF by 0.9% in the 1st quarter. Sei Investments Co. now owns 9,089,817 shares of the company’s stock worth $842,808,000 after buying an additional 85,434 shares in the last quarter. Mather Group LLC. raised its holdings in Schwab U.S. Large-Cap Growth ETF by 1.1% during the second quarter. Mather Group LLC. now owns 9,080,140 shares of the company’s stock valued at $841,911,000 after acquiring an additional 95,632 shares during the period. LPL Financial LLC lifted its position in shares of Schwab U.S. Large-Cap Growth ETF by 10.5% in the second quarter. LPL Financial LLC now owns 3,827,942 shares of the company’s stock valued at $386,010,000 after acquiring an additional 362,342 shares in the last quarter. Finally, McAdam LLC boosted its stake in shares of Schwab U.S. Large-Cap Growth ETF by 4.4% in the second quarter. McAdam LLC now owns 1,833,824 shares of the company’s stock worth $184,923,000 after acquiring an additional 76,779 shares during the period.

Schwab U.S. Large-Cap Growth ETF Trading Down 0.6 %

NYSEARCA:SCHG opened at $103.65 on Friday. The stock has a 50-day moving average price of $99.85 and a 200 day moving average price of $97.07. The stock has a market capitalization of $30.32 billion, a P/E ratio of 39.82 and a beta of 1.25. Schwab U.S. Large-Cap Growth ETF has a 12-month low of $69.78 and a 12-month high of $105.74.

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.