Carnegie Investment Counsel Increases Stake in Schwab U.S. Large-Cap Growth ETF

Carnegie Investment Counsel has significantly increased its investment in the Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG), raising its stake by an impressive 293.5% during the fourth quarter. According to a recent filing with the Securities and Exchange Commission (SEC), the firm now holds 16,062 shares after acquiring an additional 11,980 shares in this period. At the end of the quarter, Carnegie's investments in the ETF were valued at approximately $448,000.

Other institutional investors have also been adjusting their investments in SCHG. For instance, Boyce & Associates Wealth Consulting Inc. increased its holdings by 2.2% in the third quarter, now owning 5,080 shares valued at $529,000 after adding 109 shares over the last quarter. Additionally, Evergreen Capital Management LLC raised its stake by 3.3% in the second quarter, owning 3,964 shares worth $400,000 after a purchase of 126 shares.

Similarly, Blair William & Co. IL boosted its holdings by 0.4%, currently owning 49,047 shares valued at $4,946,000 after acquiring 189 additional shares in the last quarter. Wescott Financial Advisory Group LLC also grew its position by 3.1%, bringing its total to 6,917 shares valued at $698,000 after purchasing 211 additional shares. Lastly, Evanson Asset Management LLC increased its stake by 10.2%, now owning 3,023 shares valued at $315,000 following a purchase of 280 shares during the last quarter.

Current Performance of Schwab U.S. Large-Cap Growth ETF

As of Friday, shares of the Schwab U.S. Large-Cap Growth ETF are trading at $28.29, reflecting a 1.3% increase. The ETF has a market capitalization of $8.27 billion, a price-to-earnings (PE) ratio of 39.82, and a beta of 1.25. Its 50-day moving average price stands at $28.09, with a 200-day moving average of $26.45. Over the past twelve months, the ETF has experienced a low of $20.85 and a high of $29.14.

About Schwab U.S. Large-Cap Growth ETF

The Schwab U.S. Large-Cap Growth ETF aims to track the total return of the Dow Jones U.S. Large-Cap Growth Total Stock Market Index. This index represents the growth sector of the large-cap stocks within the broader Dow Jones U.S. Total Stock Market Index.

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