NewEdge Advisors LLC Sells 20,247 Shares of Schwab U.S. Large-Cap Value ETF $SCHV

NewEdge Advisors LLC cut its position in Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) by 13.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 130,096 shares of the company’s stock after selling 20,247 shares during the period. NewEdge Advisors LLC’s holdings in Schwab U.S. Large-Cap Value ETF were worth $3,968,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Capital Wealth Advisors grew its position in Schwab U.S. Large-Cap Value ETF by 0.8% during the 4th quarter. Vanguard Capital Wealth Advisors now owns 42,866 shares of the company’s stock worth $1,269,000 after acquiring an additional 333 shares during the last quarter. Center for Financial Planning Inc. raised its position in Schwab U.S. Large-Cap Value ETF by 1.8% in the 1st quarter. Center for Financial Planning Inc. now owns 19,879 shares of the company’s stock valued at $606,000 after purchasing an additional 346 shares during the last quarter. DHJJ Financial Advisors Ltd. raised its position in Schwab U.S. Large-Cap Value ETF by 3.9% in the 4th quarter. DHJJ Financial Advisors Ltd. now owns 9,403 shares of the company’s stock valued at $278,000 after purchasing an additional 355 shares during the last quarter. Haverford Trust Co boosted its stake in Schwab U.S. Large-Cap Value ETF by 0.9% in the fourth quarter. Haverford Trust Co now owns 41,083 shares of the company’s stock worth $1,216,000 after purchasing an additional 372 shares in the last quarter. Finally, Root Financial Partners LLC boosted its stake in Schwab U.S. Large-Cap Value ETF by 11.9% in the first quarter. Root Financial Partners LLC now owns 3,668 shares of the company’s stock worth $112,000 after purchasing an additional 389 shares in the last quarter.

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

Shares of SCHV stock opened at $34.16 on Friday. Schwab U.S. Large-Cap Value ETF has a 52 week low of $27.39 and a 52 week high of $35.05. The stock has a market capitalization of $15.76 billion, a PE ratio of 19.08 and a beta of 0.82. The stock’s fifty day moving average is $34.14 and its 200-day moving average is $32.47.

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

The business 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. The ex-dividend date was Wednesday, June 24th. This represents a $0.63 annualized dividend and a yield of 1.8%.

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.