Meridian Investment Counsel Inc. Boosts Stock Holdings in Schwab US Large-Cap ETF (NYSEARCA:SCHX)

Meridian Investment Counsel Inc. raised its holdings in Schwab US Large-Cap ETF (NYSEARCA:SCHX) by 152.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,831 shares of the company’s stock after purchasing an additional 5,938 shares during the quarter. Meridian Investment Counsel Inc.’s holdings in Schwab US Large-Cap ETF were worth $228,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SCHX. Total Investment Management Inc. grew its holdings in Schwab US Large-Cap ETF by 200.6% during the fourth quarter. Total Investment Management Inc. now owns 13,510 shares of the company’s stock worth $313,000 after acquiring an additional 9,016 shares during the period. Keystone Wealth Services LLC increased its holdings in shares of Schwab US Large-Cap ETF by 200.4% in the 4th quarter. Keystone Wealth Services LLC now owns 34,854 shares of the company’s stock valued at $808,000 after purchasing an additional 23,252 shares in the last quarter. Brass Tax Wealth Management Inc. acquired a new position in Schwab US Large-Cap ETF during the third quarter worth about $3,040,000. B. Riley Wealth Advisors Inc. increased its holdings in Schwab US Large-Cap ETF by 4.8% in the third quarter. B. Riley Wealth Advisors Inc. now owns 110,984 shares of the company’s stock valued at $7,469,000 after buying an additional 5,035 shares in the last quarter. Finally, Pure Portfolios Holdings LLC boosted its stake in shares of Schwab US Large-Cap ETF by 201.1% during the 4th quarter. Pure Portfolios Holdings LLC now owns 1,408,552 shares of the company’s stock worth $32,650,000 after acquiring an additional 940,747 shares in the last quarter.

Schwab US Large-Cap ETF Price Performance

NYSEARCA SCHX opened at $22.08 on Tuesday. The business has a 50 day moving average price of $23.28 and a 200 day moving average price of $23.23. The company has a market capitalization of $49.90 billion, a P/E ratio of 24.34 and a beta of 1.03. Schwab US Large-Cap ETF has a 1-year low of $19.50 and a 1-year high of $24.31.

Schwab US Large-Cap ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th were given a $0.0668 dividend. The ex-dividend date was Wednesday, March 26th.

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.