Schwab US Large-Cap ETF (NYSEARCA:SCHX) Hits New 52-Week Low – Here’s Why

Schwab US Large-Cap ETF (NYSEARCA:SCHX) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as $19.00 and last traded at $19.06, with a volume of 2557823 shares changing hands. The stock had previously closed at $19.95.

Schwab US Large-Cap ETF Price Performance

The company has a fifty day moving average price of $23.07 and a 200 day moving average price of $23.21. The company has a market cap of $44.78 billion, a PE ratio of 24.34 and a beta of 1.03.

Schwab US Large-Cap ETF Cuts Dividend

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

Institutional Trading of Schwab US Large-Cap ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Howard Capital Management Group LLC bought a new stake in Schwab US Large-Cap ETF during the third quarter worth about $209,000. FMR LLC lifted its position in Schwab US Large-Cap ETF by 9.4% in the 3rd quarter. FMR LLC now owns 308,233 shares of the company’s stock worth $20,914,000 after buying an additional 26,415 shares during the last quarter. Stifel Financial Corp boosted its stake in Schwab US Large-Cap ETF by 9.5% in the third quarter. Stifel Financial Corp now owns 389,257 shares of the company’s stock worth $26,411,000 after buying an additional 33,680 shares in the last quarter. Kovitz Investment Group Partners LLC boosted its stake in Schwab US Large-Cap ETF by 1.5% in the third quarter. Kovitz Investment Group Partners LLC now owns 63,414 shares of the company’s stock worth $4,217,000 after buying an additional 920 shares in the last quarter. Finally, Zacks Investment Management grew its position in Schwab US Large-Cap ETF by 19.9% during the third quarter. Zacks Investment Management now owns 51,256 shares of the company’s stock valued at $3,478,000 after acquiring an additional 8,510 shares during the last quarter.

Schwab US Large-Cap ETF Company Profile

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.