Sax Wealth Advisors LLC Purchases 110,698 Shares of Schwab U.S. Large-Cap Value ETF $SCHV

Sax Wealth Advisors LLC increased its position in Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) by 170.6% in the 2nd quarter, HoldingsChannel reports. The fund owned 175,568 shares of the company’s stock after purchasing an additional 110,698 shares during the period. Sax Wealth Advisors LLC’s holdings in Schwab U.S. Large-Cap Value ETF were worth $6,112,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. JPL Wealth Management LLC purchased a new stake in Schwab U.S. Large-Cap Value ETF during the third quarter valued at about $26,000. Laurel Wealth Advisors LLC purchased a new position in shares of Schwab U.S. Large-Cap Value ETF in the fourth quarter worth about $27,000. Ascentis Independent Advisors purchased a new position in shares of Schwab U.S. Large-Cap Value ETF in the first quarter worth about $32,000. IFC & Insurance Marketing Inc. bought a new stake in shares of Schwab U.S. Large-Cap Value ETF in the fourth quarter valued at approximately $38,000. Finally, Strategic Wealth Advisors LLC raised its position in shares of Schwab U.S. Large-Cap Value ETF by 95.6% in the first quarter. Strategic Wealth Advisors LLC now owns 1,526 shares of the company’s stock valued at $46,000 after purchasing an additional 746 shares during the period.

Schwab U.S. Large-Cap Value ETF Trading Up 0.5%

Shares of SCHV stock opened at $34.86 on Friday. The stock has a market capitalization of $16.09 billion, a P/E ratio of 19.08 and a beta of 0.83. The firm’s 50 day moving average is $34.28 and its 200 day moving average is $32.61. Schwab U.S. Large-Cap Value ETF has a 12 month low of $27.89 and a 12 month high of $35.07.

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

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

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.