Merit Financial Group LLC Buys Shares of 3,587 Schwab US Large-Cap ETF (NYSEARCA:SCHX)

Merit Financial Group LLC purchased a new position in Schwab US Large-Cap ETF (NYSEARCA:SCHX) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,587 shares of the company’s stock, valued at approximately $202,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Providence Capital Advisors LLC purchased a new stake in shares of Schwab US Large-Cap ETF during the third quarter worth $26,000. Cordant Inc. lifted its holdings in shares of Schwab US Large-Cap ETF by 133.9% during the 4th quarter. Cordant Inc. now owns 594 shares of the company’s stock valued at $34,000 after buying an additional 340 shares during the last quarter. Centerpoint Advisors LLC bought a new stake in shares of Schwab US Large-Cap ETF in the 3rd quarter valued at approximately $42,000. Gradient Investments LLC increased its holdings in Schwab US Large-Cap ETF by 71.5% in the third quarter. Gradient Investments LLC now owns 988 shares of the company’s stock worth $50,000 after buying an additional 412 shares during the last quarter. Finally, Fortitude Family Office LLC bought a new position in Schwab US Large-Cap ETF during the fourth quarter valued at approximately $51,000.

Schwab US Large-Cap ETF Stock Up 0.6 %

Shares of SCHX opened at $61.67 on Friday. The firm has a market cap of $40.02 billion, a price-to-earnings ratio of 25.47 and a beta of 1.02. The company’s fifty day moving average is $60.83 and its 200-day moving average is $57.35. Schwab US Large-Cap ETF has a 12 month low of $48.22 and a 12 month high of $62.24.

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.