Schwab US Large-Cap ETF (NYSEARCA:SCHX) Reaches New 1-Year High – Still a Buy?

Shares of Schwab US Large-Cap ETF (NYSEARCA:SCHX) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $29.53 and last traded at $29.49, with a volume of 516297 shares trading hands. The stock had previously closed at $29.33.

Schwab US Large-Cap ETF Stock Performance

The firm has a 50-day moving average of $27.42 and a 200-day moving average of $27.12. The firm has a market capitalization of $71.09 billion, a P/E ratio of 25.66 and a beta of 1.01.

Hedge Funds Weigh In On Schwab US Large-Cap ETF

Several hedge funds and other institutional investors have recently modified their holdings of SCHX. Corient Private Wealth LLC lifted its holdings in shares of Schwab US Large-Cap ETF by 163.9% during the 2nd quarter. Corient Private Wealth LLC now owns 12,518,206 shares of the company’s stock valued at $306,087,000 after buying an additional 7,775,179 shares during the period. EP Wealth Advisors LLC bought a new position in shares of Schwab US Large-Cap ETF during the 4th quarter valued at $86,562,000. Scarborough Advisors LLC bought a new position in shares of Schwab US Large-Cap ETF during the 1st quarter valued at $60,491,000. Fund Evaluation Group LLC lifted its holdings in shares of Schwab US Large-Cap ETF by 32.4% during the 4th quarter. Fund Evaluation Group LLC now owns 9,492,565 shares of the company’s stock valued at $255,445,000 after buying an additional 2,325,216 shares during the period. Finally, Moneta Group Investment Advisors LLC lifted its holdings in shares of Schwab US Large-Cap ETF by 5.5% during the 3rd quarter. Moneta Group Investment Advisors LLC now owns 34,779,046 shares of the company’s stock valued at $916,080,000 after buying an additional 1,808,743 shares during the period.

About Schwab US Large-Cap ETF

Schwab U.S. Large-Cap ETF (the Fund) goal is to track the total return of the Dow Jones U.S. Large-Cap Total Stock Market Index (the Index). The Fund’s index includes the large-cap portion of the Dow Jones U.S. Total Stock Market Index available to investors in the marketplace. The Dow Jones U.S. Large-Cap Total Stock Market Index includes the components ranked 1-750 by full market capitalization. The Index is a float-adjusted market capitalization weighted index. The types of derivatives used by the Fund are options, futures, options on futures and swaps.