Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) Hits New 12-Month High – Should You Buy?

Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $35.07 and last traded at $35.02, with a volume of 217528 shares trading hands. The stock had previously closed at $34.90.

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

The stock has a market capitalization of $16.11 billion, a P/E ratio of 19.08 and a beta of 0.83. The stock’s fifty day moving average price is $34.20 and its 200 day moving average price is $32.54.

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

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

Hedge Funds Weigh In On Schwab U.S. Large-Cap Value ETF

Institutional investors have recently modified their holdings of the stock. Valpey Financial Services LLC boosted its holdings in shares of Schwab U.S. Large-Cap Value ETF by 2,913.4% in the fourth quarter. Valpey Financial Services LLC now owns 6,251,249 shares of the company’s stock valued at $185,099,000 after purchasing an additional 6,043,804 shares during the period. Wellington Management Group LLP purchased a new position in Schwab U.S. Large-Cap Value ETF during the 3rd quarter worth $68,742,000. TSG Advice Partners LLC bought a new stake in Schwab U.S. Large-Cap Value ETF during the 1st quarter valued at $30,871,000. World Investment Advisors raised its position in Schwab U.S. Large-Cap Value ETF by 101.6% during the 1st quarter. World Investment Advisors now owns 1,977,398 shares of the company’s stock valued at $60,311,000 after purchasing an additional 996,424 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its holdings in shares of Schwab U.S. Large-Cap Value ETF by 922.2% in the 4th quarter. Global Retirement Partners LLC now owns 875,261 shares of the company’s stock worth $25,916,000 after buying an additional 789,636 shares during the period.

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.