Newport Wealth Strategies Inc. Invests $15.21 Million in Schwab U S Large Cap Growth ETF (NYSEARCA:SCHG)

Newport Wealth Strategies Inc. acquired a new position in Schwab U S Large Cap Growth ETF (NYSEARCA:SCHG) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 200,783 shares of the company’s stock, valued at approximately $15,213,000. Schwab U S Large Cap Growth ETF accounts for approximately 10.9% of Newport Wealth Strategies Inc.’s investment portfolio, making the stock its biggest position. Newport Wealth Strategies Inc. owned approximately 0.27% of Schwab U S Large Cap Growth ETF at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Front Row Advisors LLC acquired a new position in shares of Schwab U S Large Cap Growth ETF during the fourth quarter valued at $167,000. Paradigm Financial Advisors LLC acquired a new position in shares of Schwab U S Large Cap Growth ETF during the fourth quarter valued at $201,000. Trustcore Financial Services LLC acquired a new position in shares of Schwab U S Large Cap Growth ETF during the fourth quarter valued at $207,000. D.A. Davidson & CO. acquired a new position in shares of Schwab U S Large Cap Growth ETF during the fourth quarter valued at $208,000. Finally, ACG Wealth acquired a new position in shares of Schwab U S Large Cap Growth ETF during the fourth quarter valued at $210,000.

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Shares of SCHG traded down $1.68 during midday trading on Friday, hitting $70.51. 435,904 shares of the stock traded hands, compared to its average volume of 443,186. Schwab U S Large Cap Growth ETF has a 1-year low of $59.73 and a 1-year high of $76.83.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 22nd. Stockholders of record on Monday, March 19th were issued a dividend of $0.1499 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.85%. The ex-dividend date was Friday, March 16th.

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Schwab U S Large Cap Growth ETF 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.

Institutional Ownership by Quarter for Schwab U S Large Cap Growth ETF (NYSEARCA:SCHG)

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