Modera Wealth Management LLC lowered its stake in Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV – Free Report) by 30.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 86,666 shares of the company’s stock after selling 38,832 shares during the quarter. Modera Wealth Management LLC’s holdings in Schwab U.S. Large-Cap Value ETF were worth $2,643,000 as of its most recent filing with the SEC.
Several other hedge funds have also modified their holdings of SCHV. Advisortrust Partners LLC acquired a new position in Schwab U.S. Large-Cap Value ETF during the 1st quarter worth approximately $58,000. Bessemer Group Inc. purchased a new position in Schwab U.S. Large-Cap Value ETF in the 1st quarter worth approximately $78,000. Frisch Financial Group Inc. acquired a new stake in Schwab U.S. Large-Cap Value ETF in the first quarter valued at approximately $280,000. Evergreen Advisors LLC acquired a new stake in Schwab U.S. Large-Cap Value ETF in the first quarter valued at approximately $698,000. Finally, D.A. Davidson & CO. grew its position in Schwab U.S. Large-Cap Value ETF by 6.1% in the first quarter. D.A. Davidson & CO. now owns 31,649 shares of the company’s stock valued at $965,000 after acquiring an additional 1,831 shares in the last quarter.
Schwab U.S. Large-Cap Value ETF Stock Down 0.6%
SCHV opened at $33.81 on Friday. The firm’s 50 day moving average is $33.90 and its 200-day moving average is $32.19. Schwab U.S. Large-Cap Value ETF has a 52-week low of $27.39 and a 52-week high of $35.05. The firm has a market capitalization of $15.51 billion, a P/E ratio of 19.08 and a beta of 0.82.
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.
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