Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) Sets New 12-Month High – Here’s Why

Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $31.61 and last traded at $31.49, with a volume of 4503270 shares trading hands. The stock had previously closed at $31.37.

Schwab U.S. Large-Cap Value ETF Price Performance

The stock has a market cap of $15.13 billion, a PE ratio of 19.08 and a beta of 0.90. The business has a fifty day moving average of $30.16 and a 200-day moving average of $29.23.

Hedge Funds Weigh In On Schwab U.S. Large-Cap Value ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. NewEdge Wealth LLC raised its holdings in shares of Schwab U.S. Large-Cap Value ETF by 27.5% in the fourth quarter. NewEdge Wealth LLC now owns 120,466 shares of the company’s stock valued at $3,567,000 after acquiring an additional 25,970 shares in the last quarter. Manning & Napier Advisors LLC increased its position in Schwab U.S. Large-Cap Value ETF by 23.8% during the 4th quarter. Manning & Napier Advisors LLC now owns 8,910 shares of the company’s stock valued at $266,000 after purchasing an additional 1,710 shares during the period. Van Strum & Towne Inc. increased its position in Schwab U.S. Large-Cap Value ETF by 22.1% during the 4th quarter. Van Strum & Towne Inc. now owns 43,678 shares of the company’s stock valued at $1,293,000 after purchasing an additional 7,899 shares during the period. Koshinski Asset Management Inc. raised its holdings in shares of Schwab U.S. Large-Cap Value ETF by 1.0% in the 4th quarter. Koshinski Asset Management Inc. now owns 42,553 shares of the company’s stock valued at $1,260,000 after purchasing an additional 423 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its position in shares of Schwab U.S. Large-Cap Value ETF by 7.6% in the 4th quarter. International Assets Investment Management LLC now owns 14,613 shares of the company’s stock worth $433,000 after purchasing an additional 1,037 shares during the period.

About Schwab U.S. Large-Cap Value ETF

Schwab U.S. Large-Cap Value ETF (the Fund) goal is to track the total return of the Dow Jones U.S. Large-Cap Value Total Stock Market Index (the Index). The Fund’s index includes the large-cap value portion of the Dow Jones U.S. Total Stock Market Index available to investors in the marketplace. The Dow Jones U.S. Large-Cap Value Total Stock Market Index includes the components ranked 1-750 by full market capitalization and that are classified as value. The Index is a float-adjusted market capitalization weighted index.