Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) Hits New 52-Week High – Here’s What Happened

Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) shares reached a new 52-week high during trading on Friday . The company traded as high as $33.24 and last traded at $33.22, with a volume of 38880 shares changing hands. The stock had previously closed at $33.00.

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

The business has a 50-day simple moving average of $31.59 and a 200 day simple moving average of $30.81. The firm has a market cap of $15.57 billion, a P/E ratio of 19.08 and a beta of 0.83.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SCHV. JPL Wealth Management LLC purchased a new position in shares of Schwab U.S. Large-Cap Value ETF during the 3rd quarter worth approximately $26,000. Laurel Wealth Advisors LLC purchased a new position in shares of Schwab U.S. Large-Cap Value ETF during the 4th quarter worth approximately $27,000. Ascentis Independent Advisors purchased a new position in shares of Schwab U.S. Large-Cap Value ETF during the 1st quarter worth approximately $32,000. IFC & Insurance Marketing Inc. purchased a new position in shares of Schwab U.S. Large-Cap Value ETF during the 4th quarter worth approximately $38,000. Finally, Strategic Wealth Advisors LLC grew its holdings in shares of Schwab U.S. Large-Cap Value ETF by 95.6% during the 1st quarter. Strategic Wealth Advisors LLC now owns 1,526 shares of the company’s stock worth $46,000 after acquiring an additional 746 shares during the period.

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. 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.