GenWealth Group Inc. Trims Position in Schwab U.S. Large-Cap Value ETF $SCHV

GenWealth Group Inc. reduced its holdings in Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) by 1.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,681,637 shares of the company’s stock after selling 21,847 shares during the quarter. Schwab U.S. Large-Cap Value ETF makes up about 9.1% of GenWealth Group Inc.’s portfolio, making the stock its largest holding. GenWealth Group Inc. owned about 0.37% of Schwab U.S. Large-Cap Value ETF worth $58,538,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of SCHV. JPL Wealth Management LLC acquired a new stake in Schwab U.S. Large-Cap Value ETF in the third quarter valued at $26,000. Laurel Wealth Advisors LLC acquired a new position in Schwab U.S. Large-Cap Value ETF during the 4th quarter worth about $27,000. Ascentis Independent Advisors bought a new stake in shares of Schwab U.S. Large-Cap Value ETF in the 1st quarter valued at about $32,000. IFC & Insurance Marketing Inc. bought a new stake in shares of Schwab U.S. Large-Cap Value ETF in the 4th quarter valued at about $38,000. Finally, Strategic Wealth Advisors LLC increased its stake in shares of Schwab U.S. Large-Cap Value ETF by 95.6% in the first quarter. Strategic Wealth Advisors LLC now owns 1,526 shares of the company’s stock valued at $46,000 after buying an additional 746 shares during the period.

Schwab U.S. Large-Cap Value ETF Price Performance

Shares of SCHV opened at $34.91 on Wednesday. The business has a 50-day moving average of $34.32 and a 200-day moving average of $32.68. The company has a market capitalization of $16.12 billion, a price-to-earnings ratio of 19.08 and a beta of 0.83. Schwab U.S. Large-Cap Value ETF has a 1 year low of $28.01 and a 1 year high of $35.07.

Schwab U.S. Large-Cap Value ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Wednesday, June 24th were given a dividend of $0.1566 per share. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a $0.63 dividend on an annualized basis and a yield of 1.8%. This is a boost from Schwab U.S. Large-Cap Value ETF’s previous quarterly dividend of $0.14.

Schwab U.S. Large-Cap Value ETF Profile

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. Large-Cap Value Total Stock Market Index includes the components ranked 1-750 by full market capitalization and that are classified as value. The Index is a float-adjusted market capitalization weighted index.