Schwab US Large-Cap ETF (NYSEARCA:SCHX) Hits New 1-Year High – What’s Next?

Shares of Schwab US Large-Cap ETF (NYSEARCA:SCHX) reached a new 52-week high on Wednesday . The stock traded as high as $28.55 and last traded at $28.50, with a volume of 8463361 shares. The stock had previously closed at $28.28.

Schwab US Large-Cap ETF Stock Up 0.8%

The company has a fifty day simple moving average of $26.80 and a two-hundred day simple moving average of $26.89. The stock has a market capitalization of $68.72 billion, a P/E ratio of 25.66 and a beta of 1.01.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Gerald Baker Financial Group LLC bought a new position in Schwab US Large-Cap ETF during the first quarter worth about $298,000. Independent Financial Group LLC bought a new position in Schwab US Large-Cap ETF during the first quarter worth about $2,118,000. Quartz Partners LLC lifted its holdings in Schwab US Large-Cap ETF by 7.2% during the first quarter. Quartz Partners LLC now owns 11,480 shares of the company’s stock worth $294,000 after acquiring an additional 768 shares in the last quarter. Evergreen Advisors LLC acquired a new stake in shares of Schwab US Large-Cap ETF in the 1st quarter valued at about $45,000. Finally, Wealthfront Advisers LLC raised its stake in shares of Schwab US Large-Cap ETF by 168.0% in the 1st quarter. Wealthfront Advisers LLC now owns 29,379 shares of the company’s stock valued at $753,000 after purchasing an additional 18,418 shares during the period.

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.