Midwest Trust Co Acquires 136,023 Shares in Schwab US Large-Cap ETF

Midwest Trust Co has recently acquired a significant stake in the Schwab US Large-Cap ETF (NYSEARCA:SCHX), purchasing 136,023 shares valued at approximately $3,324,000. This transaction was disclosed in a Form 13F filing with the U.S. Securities and Exchange Commission (SEC) for the second quarter of 2023.

Institutional Investors Boost Positions

The acquisition by Midwest Trust Co is part of a broader trend among institutional investors adjusting their holdings in SCHX. Notably, CX Institutional reported an extraordinary increase in its stake by 27,108.8% during the same period. CX Institutional now holds 62,036 shares valued at $1,516,000, following the purchase of an additional 61,808 shares.

Similarly, the Bank of Montreal Can enhanced its position in the ETF by 6.0%, acquiring an extra 11,420 shares to reach a total of 202,214 shares worth $4,942,000. Brown Advisory Inc. also reported a 38.0% increase in its stake, now owning 64,163 shares valued at $1,417,000. Atlantic Union Bankshares Corp and Pinnacle Wealth Management Advisory Group LLC also entered new positions during the second quarter, with Atlantic Union investing approximately $1,555,000.

Stock Performance Overview

As of the latest trading session, shares of SCHX opened at $26.94. The ETF has experienced considerable fluctuations over the past year, with a fifty-two week low of $19.00 and a high of $27.27. Its fifty-day moving average stands at $26.36, while the two-hundred day moving average is $24.92. The Schwab US Large-Cap ETF currently boasts a market capitalization of $62.56 billion, a price-to-earnings (PE) ratio of 25.66, and a beta of 1.01.

The Schwab U.S. Large-Cap ETF aims to replicate the total return of the Dow Jones U.S. Large-Cap Total Stock Market Index, which comprises the top 750 large-cap companies ranked by full market capitalization. This focus on large-cap stocks positions SCHX as a key player for investors seeking exposure to major U.S. companies.

Investors looking for further insights into SCHX can explore platforms like HoldingsChannel.com for the latest Form 13F filings and insider trading activity. This latest wave of institutional investment highlights ongoing confidence in the Schwab US Large-Cap ETF as a viable investment option in the current market landscape.