RMG Wealth Management LLC Boosts Stock Position in Schwab U.S. Large-Cap Value ETF $SCHV

RMG Wealth Management LLC lifted its stake in Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) by 801.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,508 shares of the company’s stock after acquiring an additional 36,905 shares during the period. Schwab U.S. Large-Cap Value ETF makes up about 0.2% of RMG Wealth Management LLC’s holdings, making the stock its 16th largest holding. RMG Wealth Management LLC’s holdings in Schwab U.S. Large-Cap Value ETF were worth $1,364,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the stock. JPL Wealth Management LLC purchased a new stake in Schwab U.S. Large-Cap Value ETF during the 3rd quarter worth about $26,000. Laurel Wealth Advisors LLC purchased a new position in Schwab U.S. Large-Cap Value ETF during the 4th quarter valued at about $27,000. Ascentis Independent Advisors bought a new stake in shares of Schwab U.S. Large-Cap Value ETF during the first quarter valued at about $32,000. IFC & Insurance Marketing Inc. bought a new stake in shares of Schwab U.S. Large-Cap Value ETF during the fourth quarter valued at about $38,000. Finally, Strategic Wealth Advisors LLC lifted its holdings 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 worth $46,000 after buying an additional 746 shares in the last quarter.

Schwab U.S. Large-Cap Value ETF Trading Up 0.1%

SCHV stock opened at $34.22 on Friday. The firm has a 50 day moving average of $34.00 and a 200-day moving average of $32.33. Schwab U.S. Large-Cap Value ETF has a 12 month low of $27.39 and a 12 month high of $35.05. The firm has a market capitalization of $15.77 billion, a P/E ratio of 19.08 and a beta of 0.82.

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.