Traders Buy Schwab U S Large Cap Growth ETF (SCHG) on Weakness

Traders bought shares of Schwab U S Large Cap Growth ETF (NYSEARCA:SCHG) on weakness during trading hours on Wednesday. $108.60 million flowed into the stock on the tick-up and $6.91 million flowed out of the stock on the tick-down, for a money net flow of $101.69 million into the stock. Of all equities tracked, Schwab U S Large Cap Growth ETF had the 7th highest net in-flow for the day. Schwab U S Large Cap Growth ETF traded down ($0.80) for the day and closed at $75.17

The company also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Wednesday, June 27th will be issued a $0.1687 dividend. This represents a $0.67 annualized dividend and a yield of 0.89%. This is a positive change from Schwab U S Large Cap Growth ETF’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Tuesday, June 26th.

Several hedge funds have recently modified their holdings of SCHG. Hanson McClain Inc. acquired a new position in shares of Schwab U S Large Cap Growth ETF in the 1st quarter worth approximately $111,000. Moneta Group Investment Advisors LLC increased its stake in Schwab U S Large Cap Growth ETF by 45.9% during the 1st quarter. Moneta Group Investment Advisors LLC now owns 2,520 shares of the company’s stock worth $181,000 after buying an additional 793 shares during the period. WealthPLAN Partners LLC purchased a new stake in Schwab U S Large Cap Growth ETF during the 4th quarter worth approximately $201,000. Frontier Investment Mgmt Co. purchased a new stake in Schwab U S Large Cap Growth ETF during the 1st quarter worth approximately $208,000. Finally, Peregrine Asset Advisers Inc. purchased a new stake in Schwab U S Large Cap Growth ETF during the 1st quarter worth approximately $219,000.

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.

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