Archer Investment Management LLC Buys Shares of 118,815 Schwab U.S. Large-Cap Growth ETF $SCHG

Archer Investment Management LLC bought a new position in shares of Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 118,815 shares of the company’s stock, valued at approximately $3,876,000. Schwab U.S. Large-Cap Growth ETF makes up 2.1% of Archer Investment Management LLC’s investment portfolio, making the stock its 14th biggest holding.

Other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC grew its holdings in shares of Schwab U.S. Large-Cap Growth ETF by 300.3% in the 4th quarter. Brighton Jones LLC now owns 12,182 shares of the company’s stock valued at $340,000 after acquiring an additional 9,139 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in Schwab U.S. Large-Cap Growth ETF by 294.8% during the fourth quarter. Revolve Wealth Partners LLC now owns 481,364 shares of the company’s stock worth $13,416,000 after acquiring an additional 359,429 shares in the last quarter. AQR Capital Management LLC boosted its position in Schwab U.S. Large-Cap Growth ETF by 19.6% during the first quarter. AQR Capital Management LLC now owns 129,643 shares of the company’s stock valued at $3,246,000 after purchasing an additional 21,234 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Schwab U.S. Large-Cap Growth ETF by 285.9% during the first quarter. Goldman Sachs Group Inc. now owns 520,761 shares of the company’s stock valued at $13,040,000 after purchasing an additional 385,822 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Schwab U.S. Large-Cap Growth ETF by 7.6% in the second quarter. JPMorgan Chase & Co. now owns 7,489,982 shares of the company’s stock valued at $218,782,000 after purchasing an additional 531,702 shares in the last quarter.

Schwab U.S. Large-Cap Growth ETF Trading Down 1.1%

Shares of SCHG opened at $29.36 on Wednesday. The company has a market cap of $48.05 billion, a price-to-earnings ratio of 34.24 and a beta of 1.15. Schwab U.S. Large-Cap Growth ETF has a 1-year low of $21.37 and a 1-year high of $33.74. The company’s fifty day simple moving average is $31.06 and its 200 day simple moving average is $31.92.

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. Large-Cap Growth Total Stock Market Index includes the components ranked 1-750 by full market capitalization and that are classified as growth. The Index is a float-adjusted market capitalization weighted index.