Long Island Wealth Management Inc. Trims Holdings in Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG)

Long Island Wealth Management Inc. cut its holdings in Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) by 1.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,858 shares of the company’s stock after selling 625 shares during the period. Schwab U.S. Large-Cap Growth ETF makes up 3.4% of Long Island Wealth Management Inc.’s portfolio, making the stock its 6th largest position. Long Island Wealth Management Inc.’s holdings in Schwab U.S. Large-Cap Growth ETF were worth $4,826,000 as of its most recent SEC filing.

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

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

SCHG stock opened at $103.65 on Friday. The stock has a market capitalization of $30.32 billion, a price-to-earnings ratio of 39.82 and a beta of 1.25. The firm’s 50-day moving average price is $99.79 and its two-hundred day moving average price is $96.98. Schwab U.S. Large-Cap Growth ETF has a 12-month low of $69.78 and a 12-month high of $105.74.

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.