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

Schwab US Large-Cap ETF (NYSEARCA:SCHX)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $27.46 and last traded at $27.4550, with a volume of 7504830 shares. The stock had previously closed at $27.42.

Schwab US Large-Cap ETF Stock Performance

The stock has a market capitalization of $64.71 billion, a P/E ratio of 25.66 and a beta of 1.01. The firm’s 50-day simple moving average is $26.86 and its 200 day simple moving average is $26.09.

Institutional Trading of Schwab US Large-Cap ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. CX Institutional boosted its holdings in shares of Schwab US Large-Cap ETF by 27,108.8% in the second quarter. CX Institutional now owns 62,036 shares of the company’s stock worth $1,516,000 after acquiring an additional 61,808 shares during the period. Bank of Montreal Can grew its position in shares of Schwab US Large-Cap ETF by 6.0% in the 2nd quarter. Bank of Montreal Can now owns 202,214 shares of the company’s stock worth $4,942,000 after buying an additional 11,420 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Schwab US Large-Cap ETF by 2.3% during the 2nd quarter. Janney Montgomery Scott LLC now owns 122,227 shares of the company’s stock worth $2,987,000 after acquiring an additional 2,692 shares during the period. B. Riley Wealth Advisors Inc. purchased a new position in shares of Schwab US Large-Cap ETF during the second quarter valued at approximately $2,266,000. Finally, Corient Private Wealth LLC grew its holdings in shares of Schwab US Large-Cap ETF by 27.6% during the second quarter. Corient Private Wealth LLC now owns 6,051,561 shares of the company’s stock valued at $147,900,000 after buying an additional 1,308,534 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. The Index is a float-adjusted market capitalization weighted index. The types of derivatives used by the Fund are options, futures, options on futures and swaps.