Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) Hits New 52-Week High – Time to Buy?

Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $35.15 and last traded at $35.06, with a volume of 55314 shares changing hands. The stock had previously closed at $34.91.

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

The business’s 50 day moving average price is $34.37 and its two-hundred day moving average price is $32.75. The company has a market capitalization of $16.31 billion, a price-to-earnings ratio of 19.08 and a beta of 0.83.

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

The company also recently announced a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Wednesday, June 24th were issued a dividend of $0.1566 per share. The ex-dividend date of this dividend was Wednesday, June 24th. This is a positive change from Schwab U.S. Large-Cap Value ETF’s previous quarterly dividend of $0.14. 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

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

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.