Steelhead Wealth Management LLC Purchases New Position in Schwab U.S. Large-Cap Value ETF $SCHV

Steelhead Wealth Management LLC acquired a new position in Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 468,687 shares of the company’s stock, valued at approximately $14,294,000. Schwab U.S. Large-Cap Value ETF accounts for about 7.2% of Steelhead Wealth Management LLC’s holdings, making the stock its 2nd largest position. Steelhead Wealth Management LLC owned 0.10% of Schwab U.S. Large-Cap Value ETF as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. BCS Wealth Management lifted its holdings in Schwab U.S. Large-Cap Value ETF by 84.6% during the 4th quarter. BCS Wealth Management now owns 131,958 shares of the company’s stock worth $3,907,000 after purchasing an additional 60,489 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in Schwab U.S. Large-Cap Value ETF by 27.3% during the 4th quarter. Farther Finance Advisors LLC now owns 507,880 shares of the company’s stock valued at $15,038,000 after buying an additional 108,980 shares in the last quarter. Secure Asset Management LLC increased its position in shares of Schwab U.S. Large-Cap Value ETF by 50.4% during the fourth quarter. Secure Asset Management LLC now owns 78,846 shares of the company’s stock valued at $2,335,000 after buying an additional 26,414 shares during the period. CWM LLC lifted its holdings in shares of Schwab U.S. Large-Cap Value ETF by 180.2% in the fourth quarter. CWM LLC now owns 387,372 shares of the company’s stock worth $11,470,000 after buying an additional 249,130 shares in the last quarter. Finally, Assetmark Inc. lifted its holdings in shares of Schwab U.S. Large-Cap Value ETF by 62.4% in the fourth quarter. Assetmark Inc. now owns 82,518 shares of the company’s stock worth $2,443,000 after buying an additional 31,695 shares in the last quarter.

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

SCHV stock opened at $34.07 on Monday. The firm has a 50 day moving average of $34.16 and a 200-day moving average of $32.49. The firm has a market capitalization of $15.73 billion, a P/E ratio of 19.08 and a beta of 0.82. Schwab U.S. Large-Cap Value ETF has a 12 month low of $27.39 and a 12 month high of $35.05.

Schwab U.S. Large-Cap Value ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Wednesday, June 24th were given a dividend of $0.1566 per share. This is an increase from Schwab U.S. Large-Cap Value ETF’s previous quarterly dividend of $0.14. The ex-dividend date was Wednesday, June 24th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.8%.

Schwab U.S. Large-Cap Value ETF Profile

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.