Modern Wealth Management LLC Invests $653,000 in Schwab U.S. Large-Cap Value ETF $SCHV

Modern Wealth Management LLC acquired a new position in Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 22,446 shares of the company’s stock, valued at approximately $653,000.

A number of other institutional investors and hedge funds have also bought and sold shares of SCHV. Sei Investments Co. raised its position in Schwab U.S. Large-Cap Value ETF by 6.0% during the 2nd quarter. Sei Investments Co. now owns 43,062,193 shares of the company’s stock worth $1,191,532,000 after purchasing an additional 2,420,337 shares during the last quarter. Mather Group LLC. grew its position in shares of Schwab U.S. Large-Cap Value ETF by 3.4% in the 3rd quarter. Mather Group LLC. now owns 34,105,438 shares of the company’s stock valued at $992,809,000 after buying an additional 1,113,321 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Schwab U.S. Large-Cap Value ETF by 3.2% in the third quarter. Envestnet Asset Management Inc. now owns 16,686,727 shares of the company’s stock valued at $485,751,000 after buying an additional 518,827 shares during the period. Osaic Holdings Inc. increased its stake in shares of Schwab U.S. Large-Cap Value ETF by 3.7% in the second quarter. Osaic Holdings Inc. now owns 11,980,931 shares of the company’s stock valued at $331,516,000 after buying an additional 426,274 shares during the period. Finally, Avantax Planning Partners Inc. raised its position in shares of Schwab U.S. Large-Cap Value ETF by 1.3% during the third quarter. Avantax Planning Partners Inc. now owns 10,079,785 shares of the company’s stock worth $293,423,000 after acquiring an additional 133,585 shares during the last quarter.

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

Schwab U.S. Large-Cap Value ETF stock opened at $31.19 on Tuesday. The stock’s 50 day moving average is $31.26 and its 200 day moving average is $29.87. The firm has a market cap of $14.99 billion, a P/E ratio of 19.08 and a beta of 0.90. Schwab U.S. Large-Cap Value ETF has a one year low of $23.08 and a one year high of $32.45.

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.