Delta Asset Management Reduces Position in Schwab U.S. Large-Cap Growth ETF

Delta Asset Management LLC TN has recently trimmed its investment in the Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) by 6.6%, as was reported for the second quarter. This move resulted in the sale of 260 shares, bringing the firm's total holdings down to 3,650 shares.

Investment Adjustments

The decision to reduce its stake in SCHG comes as part of Delta Asset Management's portfolio rebalancing. The holding's value was estimated at approximately $274,000 according to the latest Securities & Exchange Commission filing. Other institutional investors have also been active in the ETF. Investment Research & Advisory Group Inc. invested in new shares worth about $25,000, while EverSource Wealth Advisors LLC more than doubled their stake with an additional 191 shares. Salem Investment Counselors Inc. nearly doubled their holdings, and Level Financial Advisors Inc. opened a new position valued at approximately $36,000. Moreover, M&R Capital Management Inc. significantly increased its stake by 317.1%.

ETF's Market Performance

The SCHG saw its shares go up by $0.55 on a recent trading day, indicating a price of $79.34. With a significant trading volume and a market capitalization of $20.44 billion, the ETF shows robust activity in the market. SCHG possesses a price-to-earnings ratio of 27.24 and operates with moderate volatility, having a beta of 1.10. Its 50-day and 200-day simple moving averages stand at $74.40 and $73.70, respectively, displaying a healthy trend for this investment option which has seen a yearly low and high of $53.82 and $79.36.

About Schwab U.S. Large-Cap Growth ETF

SCHG aims to mirror the performance of the Dow Jones U.S. Large-Cap Growth Total Stock Market Index, which tracks the large-cap growth sector of the U.S. stock market. This ETF offers investors accessible exposure to this specific segment, hoping to reflect the overall returns of the market.

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