Drake & Associates LLC Makes New $645,000 Investment in Schwab US Large-Cap ETF $SCHX

Drake & Associates LLC bought a new stake in Schwab US Large-Cap ETF (NYSEARCA:SCHX) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 24,084 shares of the company’s stock, valued at approximately $645,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Sei Investments Co. increased its stake in shares of Schwab US Large-Cap ETF by 3.4% during the 2nd quarter. Sei Investments Co. now owns 35,969,139 shares of the company’s stock valued at $879,088,000 after acquiring an additional 1,194,355 shares during the last quarter. HBK Sorce Advisory LLC grew its holdings in Schwab US Large-Cap ETF by 5.3% in the third quarter. HBK Sorce Advisory LLC now owns 35,294,611 shares of the company’s stock valued at $940,954,000 after purchasing an additional 1,768,344 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in Schwab US Large-Cap ETF by 13.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 27,821,337 shares of the company’s stock worth $679,953,000 after purchasing an additional 3,342,325 shares during the last quarter. Cerity Partners LLC raised its stake in Schwab US Large-Cap ETF by 0.7% during the third quarter. Cerity Partners LLC now owns 18,864,225 shares of the company’s stock worth $496,884,000 after purchasing an additional 133,206 shares during the period. Finally, Betterment LLC raised its position in shares of Schwab US Large-Cap ETF by 41.8% in the 2nd quarter. Betterment LLC now owns 18,749,171 shares of the company’s stock worth $458,230,000 after buying an additional 5,524,085 shares during the period.

Schwab US Large-Cap ETF Trading Down 0.0%

SCHX stock opened at $27.29 on Thursday. The company has a market cap of $64.51 billion, a PE ratio of 25.66 and a beta of 1.01. The stock has a 50-day moving average price of $27.14 and a two-hundred day moving average price of $26.47. Schwab US Large-Cap ETF has a 12-month low of $19.00 and a 12-month high of $27.54.

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. The Index is a float-adjusted market capitalization weighted index. The types of derivatives used by the Fund are options, futures, options on futures and swaps.