Serenity Investment Advisors Raises Holdings in Schwab U.S. Large-Cap Value ETF $SCHV

Serenity Investment Advisors boosted its position in Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) by 8.5% in the 1st quarter, HoldingsChannel reports. The firm owned 961,436 shares of the company’s stock after acquiring an additional 75,329 shares during the period. Schwab U.S. Large-Cap Value ETF makes up about 12.3% of Serenity Investment Advisors’ portfolio, making the stock its 2nd largest position. Serenity Investment Advisors’ holdings in Schwab U.S. Large-Cap Value ETF were worth $32,025,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Brighton Jones LLC lifted its position in shares of Schwab U.S. Large-Cap Value ETF by 282.6% in the fourth quarter. Brighton Jones LLC now owns 28,473 shares of the company’s stock valued at $742,000 after buying an additional 21,031 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of Schwab U.S. Large-Cap Value ETF by 200.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 20,879 shares of the company’s stock worth $544,000 after acquiring an additional 13,925 shares during the last quarter. AQR Capital Management LLC raised its stake in Schwab U.S. Large-Cap Value ETF by 179.6% in the 1st quarter. AQR Capital Management LLC now owns 35,409 shares of the company’s stock valued at $941,000 after acquiring an additional 22,744 shares during the period. Brown Advisory Inc. raised its stake in Schwab U.S. Large-Cap Value ETF by 27.4% in the 2nd quarter. Brown Advisory Inc. now owns 12,952 shares of the company’s stock valued at $358,000 after acquiring an additional 2,787 shares during the period. Finally, Qube Research & Technologies Ltd lifted its holdings in Schwab U.S. Large-Cap Value ETF by 2,712.1% during the 2nd quarter. Qube Research & Technologies Ltd now owns 12,542 shares of the company’s stock valued at $347,000 after purchasing an additional 12,096 shares during the last quarter.

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

SCHV stock opened at $34.07 on Friday. The company has a fifty day moving average price of $34.16 and a two-hundred day moving average price of $32.48. Schwab U.S. Large-Cap Value ETF has a one year low of $27.39 and a one year high of $35.05. The stock has a market cap of $15.71 billion, a price-to-earnings ratio of 19.08 and a beta of 0.82.

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

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

Schwab U.S. Large-Cap Value ETF Company Profile

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.