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

Posted by Linda Flegge on Nov 6th, 2024

Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV – Get Free Report) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $27.39 and last traded at $27.38, with a volume of 8997 shares trading hands. The stock had previously closed at $26.72.

Schwab U.S. Large-Cap Value ETF Stock Up 2.5 %

The business’s 50 day moving average is $26.60 and its two-hundred day moving average is $25.57. The firm has a market capitalization of $3.96 billion, a P/E ratio of 17.88 and a beta of 0.77.

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

Several hedge funds have recently modified their holdings of the company. Dodds Wealth LLC boosted its position in shares of Schwab U.S. Large-Cap Value ETF by 194.7% in the 3rd quarter. Dodds Wealth LLC now owns 1,310,932 shares of the company’s stock valued at $105,360,000 after purchasing an additional 866,045 shares during the period. Mather Group LLC. increased its position in shares of Schwab U.S. Large-Cap Value ETF by 6.0% in the second quarter. Mather Group LLC. now owns 11,127,954 shares of the company’s stock worth $845,502,000 after acquiring an additional 628,056 shares in the last quarter. Sei Investments Co. raised its holdings in shares of Schwab U.S. Large-Cap Value ETF by 5.5% during the first quarter. Sei Investments Co. now owns 10,946,307 shares of the company’s stock valued at $831,701,000 after acquiring an additional 567,607 shares during the period. Mutual Advisors LLC lifted its position in shares of Schwab U.S. Large-Cap Value ETF by 199.4% in the 3rd quarter. Mutual Advisors LLC now owns 575,894 shares of the company’s stock valued at $46,285,000 after acquiring an additional 383,559 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in Schwab U.S. Large-Cap Value ETF by 10.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 4,023,662 shares of the company’s stock worth $298,073,000 after purchasing an additional 382,380 shares during the period.

About Schwab U.S. Large-Cap Value ETF

(Get Free Report)

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.