Merit Financial Group LLC Has $23.55 Million Stake in Schwab U.S. Large-Cap Value ETF $SCHV

Merit Financial Group LLC increased its stake in Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) by 129.1% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 851,158 shares of the company’s stock after purchasing an additional 479,673 shares during the quarter. Merit Financial Group LLC’s holdings in Schwab U.S. Large-Cap Value ETF were worth $23,552,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of SCHV. Brighton Jones LLC increased 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 valued at $742,000 after acquiring an additional 21,031 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in shares of Schwab U.S. Large-Cap Value ETF by 200.2% in the 4th quarter. Revolve Wealth Partners LLC now owns 20,879 shares of the company’s stock valued at $544,000 after acquiring an additional 13,925 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Schwab U.S. Large-Cap Value ETF by 2,553.3% in the 1st quarter. GAMMA Investing LLC now owns 231,770 shares of the company’s stock valued at $6,160,000 after acquiring an additional 223,035 shares in the last quarter. Chesley Taft & Associates LLC bought a new stake in shares of Schwab U.S. Large-Cap Value ETF in the 1st quarter valued at $354,000. Finally, Verum Partners LLC increased its stake in shares of Schwab U.S. Large-Cap Value ETF by 27.0% in the 1st quarter. Verum Partners LLC now owns 37,415 shares of the company’s stock valued at $994,000 after acquiring an additional 7,957 shares in the last quarter.

Schwab U.S. Large-Cap Value ETF Stock Up 0.4%

NYSEARCA:SCHV opened at $29.26 on Friday. The company has a fifty day moving average of $28.59 and a 200-day moving average of $27.31. The firm has a market capitalization of $13.76 billion, a P/E ratio of 19.08 and a beta of 0.94. Schwab U.S. Large-Cap Value ETF has a twelve month low of $23.08 and a twelve month high of $29.40.

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.