J.W. Cole Advisors Boosts Stake in Schwab US Large-Cap ETF by 506.8%

J.W. Cole Advisors Inc. has significantly increased its investment in the Schwab US Large-Cap ETF (NYSEARCA:SCHX), acquiring an additional 129,900 shares during the second quarter of 2023. This move represents a remarkable increase of 506.8%, bringing the firm’s total holdings to 155,532 shares, valued at approximately $3.8 million according to the latest filing with the Securities & Exchange Commission.

The investment landscape for the Schwab US Large-Cap ETF has been dynamic, with other institutional investors also adjusting their stakes. Brighton Jones LLC, for instance, expanded its position in the ETF by 198.5% during the fourth quarter of 2022, now holding 211,330 shares worth $4.9 million. This increase followed the acquisition of an additional 140,539 shares.

In the first quarter of 2023, Pinnacle Wealth Management Advisory Group LLC initiated a new investment in the ETF valued at $240,000. Arkadios Wealth Advisors also entered the market, purchasing shares worth around $551,000. Additionally, GS Investments Inc. increased its position by 2.2%, now owning 28,185 shares valued at $622,000, after adding 600 shares to its portfolio. North Star Asset Management Inc. similarly raised its holdings by 2.0%, accumulating 497,395 shares worth $10.98 million.

Current Performance of Schwab US Large-Cap ETF

On Thursday, shares of the Schwab US Large-Cap ETF opened at $26.83. The fund boasts a market capitalization of $62.3 billion, a price-to-earnings ratio of 25.66, and a beta of 1.01, indicating its volatility relative to the market. Over the past year, the ETF has fluctuated between a low of $19.00 and a high of $27.27. Its 50-day and 200-day simple moving averages stand at $26.50 and $25.27, respectively.

The Schwab US Large-Cap ETF aims to replicate the total return of the Dow Jones U.S. Large-Cap Total Stock Market Index. This index comprises the large-cap segment of the broader Dow Jones U.S. Total Stock Market Index, including companies ranked 1-750 by full market capitalization.

Investors interested in the ETF can monitor changes in holdings through resources such as HoldingsChannel.com, which provides updates on the latest 13F filings and insider trades related to the Schwab US Large-Cap ETF.

In conclusion, J.W. Cole Advisors Inc.’s substantial investment underscores the growing interest in the Schwab US Large-Cap ETF, reflecting broader trends among institutional investors seeking to capitalize on large-cap stock performance.