Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) Reaches New 12-Month High – Still a Buy?

Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $27.95 and last traded at $27.95, with a volume of 353350 shares changing hands. The stock had previously closed at $27.79.

Schwab U.S. Large-Cap Growth ETF Price Performance

The firm has a market capitalization of $8.24 billion, a price-to-earnings ratio of 39.82 and a beta of 1.25. The business’s 50-day moving average price is $26.79 and its 200 day moving average price is $25.58.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SCHG. Boyce & Associates Wealth Consulting Inc. boosted its stake in Schwab U.S. Large-Cap Growth ETF by 2.2% during the 3rd quarter. Boyce & Associates Wealth Consulting Inc. now owns 5,080 shares of the company’s stock valued at $529,000 after acquiring an additional 109 shares during the last quarter. Private Ocean LLC grew its stake in Schwab U.S. Large-Cap Growth ETF by 4.2% in the second quarter. Private Ocean LLC now owns 2,764 shares of the company’s stock worth $279,000 after purchasing an additional 112 shares in the last quarter. Glassman Wealth Services increased its holdings in Schwab U.S. Large-Cap Growth ETF by 3.0% in the second quarter. Glassman Wealth Services now owns 4,145 shares of the company’s stock valued at $418,000 after buying an additional 119 shares during the last quarter. Evergreen Capital Management LLC raised its stake in Schwab U.S. Large-Cap Growth ETF by 3.3% during the second quarter. Evergreen Capital Management LLC now owns 3,964 shares of the company’s stock valued at $400,000 after buying an additional 126 shares in the last quarter. Finally, Patrick M Sweeney & Associates Inc. lifted its holdings in Schwab U.S. Large-Cap Growth ETF by 5.0% during the 2nd quarter. Patrick M Sweeney & Associates Inc. now owns 2,750 shares of the company’s stock worth $267,000 after buying an additional 130 shares during the last quarter.

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.