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Arizona State Retirement System Has $49.17 Million Stock Position in The Charles Schwab Corporation $SCHW
The Arizona State Retirement System has reduced its stake in The Charles Schwab Corporation by 2.4%, now holding 492,113 shares valued at approximately $49.17 million. Despite this reduction, Charles Schwab delivered strong Q1 results, beating EPS and revenue estimates, and increased its quarterly dividend. The company faces mixed sentiment due to large insider stock sales and new limits on RIA tax-aware strategies, though it also launched a new crypto trading program.