Spectrum Asset Management Inc. NB CA Has $11.96 Million Holdings in Schwab U.S. Large-Cap Value ETF $SCHV

Spectrum Asset Management Inc. NB CA increased its position in Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) by 4.4% during the third quarter, HoldingsChannel reports. The institutional investor owned 410,880 shares of the company’s stock after acquiring an additional 17,234 shares during the period. Schwab U.S. Large-Cap Value ETF comprises 4.2% of Spectrum Asset Management Inc. NB CA’s investment portfolio, making the stock its 3rd biggest position. Spectrum Asset Management Inc. NB CA’s holdings in Schwab U.S. Large-Cap Value ETF were worth $11,961,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Sei Investments Co. grew its position in Schwab U.S. Large-Cap Value ETF by 6.0% in the second quarter. Sei Investments Co. now owns 43,062,193 shares of the company’s stock worth $1,191,532,000 after acquiring an additional 2,420,337 shares in the last quarter. Mather Group LLC. lifted its stake 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 purchasing an additional 1,113,321 shares during the last quarter. Exchange Traded Concepts LLC bought a new stake in Schwab U.S. Large-Cap Value ETF in the second quarter worth $30,071,000. Midwest Trust Co acquired a new position in Schwab U.S. Large-Cap Value ETF during the second quarter worth $26,161,000. Finally, Merit Financial Group LLC increased its position in Schwab U.S. Large-Cap Value ETF by 129.1% during the second quarter. Merit Financial Group LLC now owns 851,158 shares of the company’s stock worth $23,552,000 after buying an additional 479,673 shares during the last quarter.

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

NYSEARCA SCHV opened at $30.37 on Friday. Schwab U.S. Large-Cap Value ETF has a fifty-two week low of $23.08 and a fifty-two week high of $30.54. The stock’s 50-day moving average is $29.42 and its two-hundred day moving average is $28.82. The firm has a market cap of $14.59 billion, a P/E ratio of 19.08 and a beta of 0.90.

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.