Schwab US Large-Cap ETF (NYSEARCA:SCHX) Sets New 1-Year High – Still a Buy?

Schwab US Large-Cap ETF (NYSEARCA:SCHX) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $24.23 and last traded at $24.21, with a volume of 493781 shares trading hands. The stock had previously closed at $24.19.

Schwab US Large-Cap ETF Stock Up 0.0 %

The stock has a market capitalization of $15.78 billion, a PE ratio of 26.53 and a beta of 1.02. The stock has a fifty day moving average of $23.70 and a 200-day moving average of $22.94.

Hedge Funds Weigh In On Schwab US Large-Cap ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Concourse Financial Group Securities Inc. raised its holdings in Schwab US Large-Cap ETF by 224.3% in the third quarter. Concourse Financial Group Securities Inc. now owns 373 shares of the company’s stock valued at $25,000 after acquiring an additional 258 shares in the last quarter. McClarren Financial Advisors Inc. acquired a new stake in shares of Schwab US Large-Cap ETF in the 4th quarter valued at $25,000. Prudent Man Investment Management Inc. purchased a new stake in shares of Schwab US Large-Cap ETF during the 4th quarter worth $26,000. Versant Capital Management Inc grew its stake in shares of Schwab US Large-Cap ETF by 201.0% during the fourth quarter. Versant Capital Management Inc now owns 1,261 shares of the company’s stock worth $29,000 after purchasing an additional 842 shares in the last quarter. Finally, IFS Advisors LLC purchased a new position in Schwab US Large-Cap ETF in the fourth quarter valued at $30,000.

About Schwab US Large-Cap ETF

Schwab U.S. Large-Cap ETF (the Fund) goal is to track the total return of the Dow Jones U.S. Large-Cap Total Stock Market Index (the Index). The Fund’s index includes the large-cap portion of the Dow Jones U.S. Total Stock Market Index available to investors in the marketplace. The Dow Jones U.S. Large-Cap Total Stock Market Index includes the components ranked 1-750 by full market capitalization.