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

Midwest Trust Co has made a significant investment by acquiring 136,023 shares of the Schwab US Large-Cap ETF (NYSEARCA: SCHX) during the second quarter of 2023. This acquisition, valued at approximately $3,324,000, was disclosed in the firm’s latest Form 13F filing with the Securities and Exchange Commission (SEC). This move highlights the growing interest among institutional investors in large-cap equity investments.

In addition to Midwest Trust Co, several other institutional investors have also adjusted their holdings in the Schwab US Large-Cap ETF. Notably, CX Institutional has increased its stake by an astonishing 27,108.8%, bringing its total ownership to 62,036 shares valued at $1,516,000. This surge was fueled by the acquisition of an additional 61,808 shares during the same period.

Bank of Montreal Can has also strengthened its position, increasing its holdings by 6.0%. The bank now owns 202,214 shares worth $4,942,000 after acquiring 11,420 shares last quarter. Similarly, Brown Advisory Inc. raised its stake by 38.0% in the first quarter, now holding 64,163 shares valued at $1,417,000 after purchasing an additional 17,661 shares.

Pinnacle Wealth Management Advisory Group LLC entered the scene as well, acquiring a new position during the first quarter valued at approximately $240,000. Atlantic Union Bankshares Corp also purchased a new stake in the ETF during the second quarter, worth $1,555,000.

Schwab US Large-Cap ETF Performance Overview

The Schwab US Large-Cap ETF opened at $26.94 on Tuesday, reflecting a stable performance within the current market environment. The stock has seen fluctuations over the past year, with a fifty-two week low of $19.00 and a high of $27.27. Currently, the fifty-day moving average stands at $26.36, while the two-hundred-day moving average is at $24.92.

With a market capitalization of $62.56 billion, the ETF has a price-to-earnings ratio of 25.66 and a beta of 1.01, indicating a level of volatility similar to the broader market.

Investment Objectives of the Schwab US Large-Cap ETF

The primary goal of the Schwab US Large-Cap ETF is to track the total return of the Dow Jones U.S. Large-Cap Total Stock Market Index. This index encompasses large-cap stocks from the broader Dow Jones U.S. Total Stock Market Index, specifically including components ranked 1-750 by full market capitalization. The ETF provides investors with a diversified portfolio that reflects the performance of large, established companies in the U.S. market.

As institutional interest continues to rise, investors may look to the Schwab US Large-Cap ETF for its potential to deliver solid returns through exposure to large-cap equities. For those interested in monitoring further developments or changes in holdings, platforms like HoldingsChannel.com offer up-to-date information on 13F filings and insider trades related to the ETF.

In conclusion, the notable transactions by Midwest Trust Co and other institutional investors signal a positive outlook for the Schwab US Large-Cap ETF, reflecting confidence in its long-term performance in the dynamic equity market.