Peak Wealth Management LLC Makes New $12.66 Million Investment in Schwab U.S. Large-Cap Value ETF $SCHV

Peak Wealth Management LLC bought a new position in Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) in the fourth quarter, Holdings Channel.com reports. The fund bought 427,656 shares of the company’s stock, valued at approximately $12,663,000. Schwab U.S. Large-Cap Value ETF accounts for 10.6% of Peak Wealth Management LLC’s investment portfolio, making the stock its 2nd biggest holding.

Other institutional investors have also recently added to or reduced their stakes in the company. JPL Wealth Management LLC acquired a new stake in Schwab U.S. Large-Cap Value ETF in the third quarter worth approximately $26,000. Laurel Wealth Advisors LLC acquired a new stake in Schwab U.S. Large-Cap Value ETF in the fourth quarter worth approximately $27,000. REAP Financial Group LLC acquired a new stake in Schwab U.S. Large-Cap Value ETF in the third quarter worth approximately $48,000. United Financial Planning Group LLC acquired a new stake in Schwab U.S. Large-Cap Value ETF in the third quarter worth approximately $61,000. Finally, Fifth Third Bancorp lifted its position in Schwab U.S. Large-Cap Value ETF by 508.5% in the fourth quarter. Fifth Third Bancorp now owns 2,209 shares of the company’s stock worth $65,000 after purchasing an additional 1,846 shares during the period.

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

SCHV opened at $32.67 on Monday. The company has a market capitalization of $15.29 billion, a price-to-earnings ratio of 19.08 and a beta of 0.83. Schwab U.S. Large-Cap Value ETF has a 1-year low of $26.13 and a 1-year high of $32.90. The business has a 50 day moving average price of $31.38 and a two-hundred day moving average price of $30.56.

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.