Royal Bank of Canada Has $22.98 Million Stake in Schwab U.S. Large-Cap Value ETF $SCHV

Royal Bank of Canada lifted its stake in Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) by 7.2% during the first quarter, Holdings Channel reports. The fund owned 753,271 shares of the company’s stock after acquiring an additional 50,817 shares during the quarter. Royal Bank of Canada’s holdings in Schwab U.S. Large-Cap Value ETF were worth $22,975,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SCHV. KCM Investment Advisors LLC raised its position in shares of Schwab U.S. Large-Cap Value ETF by 17.4% in the first quarter. KCM Investment Advisors LLC now owns 8,928 shares of the company’s stock valued at $272,000 after purchasing an additional 1,326 shares during the period. Quantinno Capital Management LP lifted its stake in shares of Schwab U.S. Large-Cap Value ETF by 68.5% in the first quarter. Quantinno Capital Management LP now owns 216,463 shares of the company’s stock worth $6,602,000 after buying an additional 88,006 shares during the last quarter. Waverly Advisors LLC boosted its holdings in shares of Schwab U.S. Large-Cap Value ETF by 22.8% during the 1st quarter. Waverly Advisors LLC now owns 718,686 shares of the company’s stock worth $21,920,000 after buying an additional 133,303 shares during the period. Pennington Partners & CO. LLC bought a new stake in shares of Schwab U.S. Large-Cap Value ETF during the 1st quarter worth $224,000. Finally, RMG Wealth Management LLC grew its stake in Schwab U.S. Large-Cap Value ETF by 801.8% in the 1st quarter. RMG Wealth Management LLC now owns 41,508 shares of the company’s stock valued at $1,364,000 after buying an additional 36,905 shares during the last quarter.

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

Shares of SCHV opened at $34.83 on Thursday. The company has a market capitalization of $16.08 billion, a PE ratio of 19.08 and a beta of 0.83. Schwab U.S. Large-Cap Value ETF has a one year low of $27.74 and a one year high of $35.07. The company’s fifty day moving average price is $34.23 and its 200 day moving average price is $32.57.

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

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Wednesday, June 24th were issued a dividend of $0.1566 per share. This represents a $0.63 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Wednesday, June 24th. This is a positive change from Schwab U.S. Large-Cap Value ETF’s previous quarterly dividend of $0.14.

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.