Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) Hits New 12-Month High – Here’s Why

Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) shares reached a new 52-week high on Tuesday . The company traded as high as $32.14 and last traded at $32.08, with a volume of 2820605 shares traded. The stock had previously closed at $32.09.

Schwab U.S. Large-Cap Value ETF Stock Down 0.0%

The stock has a market cap of $15.42 billion, a P/E ratio of 19.08 and a beta of 0.90. The company’s 50 day moving average price is $30.35 and its 200-day moving average price is $29.33.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Whitaker Myers Wealth Managers LTD. increased its position in Schwab U.S. Large-Cap Value ETF by 5.9% in the third quarter. Whitaker Myers Wealth Managers LTD. now owns 516,823 shares of the company’s stock worth $15,045,000 after buying an additional 28,754 shares during the last quarter. Perigon Wealth Management LLC grew its stake in shares of Schwab U.S. Large-Cap Value ETF by 3.8% during the 3rd quarter. Perigon Wealth Management LLC now owns 601,972 shares of the company’s stock worth $17,523,000 after acquiring an additional 21,895 shares during the period. Courage Miller Partners LLC increased its holdings in Schwab U.S. Large-Cap Value ETF by 2.1% in the 2nd quarter. Courage Miller Partners LLC now owns 274,001 shares of the company’s stock worth $7,582,000 after acquiring an additional 5,727 shares during the last quarter. Allworth Financial LP raised its stake in Schwab U.S. Large-Cap Value ETF by 5.2% in the 2nd quarter. Allworth Financial LP now owns 436,697 shares of the company’s stock valued at $12,083,000 after acquiring an additional 21,765 shares during the period. Finally, M3 Advisory Group LLC lifted its holdings in Schwab U.S. Large-Cap Value ETF by 1.5% during the second quarter. M3 Advisory Group LLC now owns 92,987 shares of the company’s stock valued at $2,573,000 after purchasing an additional 1,377 shares during the last quarter.

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.