Murphy Middleton Hinkle & Parker Inc. Has $12.15 Million Stock Position in Schwab U.S. Large-Cap Value ETF $SCHV

Murphy Middleton Hinkle & Parker Inc. grew its position in Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) by 6.7% during the 2nd quarter, Holdings Channel.com reports. The firm owned 349,164 shares of the company’s stock after purchasing an additional 21,899 shares during the period. Schwab U.S. Large-Cap Value ETF accounts for about 4.9% of Murphy Middleton Hinkle & Parker Inc.’s portfolio, making the stock its 2nd largest holding. Murphy Middleton Hinkle & Parker Inc.’s holdings in Schwab U.S. Large-Cap Value ETF were worth $12,154,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in SCHV. Valpey Financial Services LLC lifted its holdings in Schwab U.S. Large-Cap Value ETF by 2,913.4% during the 4th quarter. Valpey Financial Services LLC now owns 6,251,249 shares of the company’s stock worth $185,099,000 after purchasing an additional 6,043,804 shares during the last quarter. Wellington Management Group LLP acquired a new position in Schwab U.S. Large-Cap Value ETF in the 3rd quarter valued at $68,742,000. TSG Advice Partners LLC acquired a new position in Schwab U.S. Large-Cap Value ETF in the 1st quarter valued at $30,871,000. World Investment Advisors increased its position in Schwab U.S. Large-Cap Value ETF by 101.6% during the 1st quarter. World Investment Advisors now owns 1,977,398 shares of the company’s stock worth $60,311,000 after buying an additional 996,424 shares during the period. Finally, Global Retirement Partners LLC increased its position in Schwab U.S. Large-Cap Value ETF by 922.2% during the 4th quarter. Global Retirement Partners LLC now owns 875,261 shares of the company’s stock worth $25,916,000 after buying an additional 789,636 shares during the period.

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

SCHV opened at $34.32 on Wednesday. The stock has a fifty day moving average of $34.53 and a 200-day moving average of $33.06. The company has a market capitalization of $15.85 billion, a P/E ratio of 19.08 and a beta of 0.83. Schwab U.S. Large-Cap Value ETF has a fifty-two week low of $28.29 and a fifty-two week high of $35.49.

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

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

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.