NewEdge Advisors LLC Has $3.97 Million Stake in Schwab U.S. Large-Cap Value ETF $SCHV

NewEdge Advisors LLC lowered its stake in shares of Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) by 13.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 130,096 shares of the company’s stock after selling 20,247 shares during the period. NewEdge Advisors LLC’s holdings in Schwab U.S. Large-Cap Value ETF were worth $3,968,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in shares of Schwab U.S. Large-Cap Value ETF by 282.6% in the 4th quarter. Brighton Jones LLC now owns 28,473 shares of the company’s stock valued at $742,000 after acquiring an additional 21,031 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in Schwab U.S. Large-Cap Value ETF by 200.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 20,879 shares of the company’s stock worth $544,000 after acquiring an additional 13,925 shares during the last quarter. AQR Capital Management LLC boosted its stake in Schwab U.S. Large-Cap Value ETF by 179.6% during the 1st quarter. AQR Capital Management LLC now owns 35,409 shares of the company’s stock worth $941,000 after acquiring an additional 22,744 shares during the last quarter. Brown Advisory Inc. grew its holdings in Schwab U.S. Large-Cap Value ETF by 27.4% during the second quarter. Brown Advisory Inc. now owns 12,952 shares of the company’s stock valued at $358,000 after purchasing an additional 2,787 shares during the period. Finally, Qube Research & Technologies Ltd grew its holdings in Schwab U.S. Large-Cap Value ETF by 2,712.1% during the second quarter. Qube Research & Technologies Ltd now owns 12,542 shares of the company’s stock valued at $347,000 after purchasing an additional 12,096 shares during the period.

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

Shares of NYSEARCA:SCHV opened at $34.16 on Friday. Schwab U.S. Large-Cap Value ETF has a 52 week low of $27.39 and a 52 week high of $35.05. The company has a market capitalization of $15.76 billion, a PE ratio of 19.08 and a beta of 0.82. The company has a 50 day moving average price of $34.14 and a two-hundred day moving average price of $32.47.

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

The company also recently declared a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Wednesday, June 24th were issued a $0.1566 dividend. This is a positive change from Schwab U.S. Large-Cap Value ETF’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a $0.63 annualized dividend and a dividend yield of 1.8%.

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.