Tue Sep 17 07:24:51 UTC 2024: ## Bank of New York Mellon Increases Stake in Schwab U.S. Large-Cap Growth ETF

**New York, NY – September 17, 2024** – Bank of New York Mellon Corp (BNY Mellon) has boosted its holdings in the Schwab U.S. Large-Cap Growth ETF (SCHG) by 4.1% during the second quarter, according to a recent SEC filing. BNY Mellon now owns 22,559 shares of SCHG, worth approximately $2,275,000.

This move by BNY Mellon comes amidst a wave of similar activity by other hedge funds. Sei Investments Co. raised its position in SCHG by 0.9%, Mather Group LLC. increased its stake by 1.1%, Envestnet Asset Management Inc. boosted its holdings by 25.6%, McAdam LLC increased its position by 4.4%, and CWM LLC raised its stake by 1.8% during the second quarter.

SCHG opened at $101.38 on Tuesday, with a 1-year low of $69.78 and a 1-year high of $105.74. The ETF has a market cap of $29.65 billion and aims to track the total return of the Dow Jones U.S. Large-Cap Growth Total Stock Market Index.

“This recent influx of investment from prominent hedge funds suggests strong confidence in the growth potential of the large-cap U.S. growth market,” stated a market analyst. “The continued positive performance of SCHG, despite recent market volatility, underscores the ETF’s appeal to investors seeking exposure to this sector.”

For more information on SCHG and other hedge fund holdings, visit HoldingsChannel.com. You can also receive daily news and analyst ratings for SCHG by signing up for MarketBeat.com’s free email newsletter.

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