Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) Sets New 1-Year High – Here’s Why

Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHVGet Free Report) shares hit a new 52-week high on Wednesday . The stock traded as high as $35.07 and last traded at $35.02, with a volume of 217528 shares. The stock had previously closed at $34.90.

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

The stock’s 50-day moving average price is $34.25 and its 200-day moving average price is $32.60. The company has a market capitalization of $16.07 billion, a price-to-earnings ratio of 19.08 and a beta of 0.83.

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

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

Hedge Funds Weigh In On Schwab U.S. Large-Cap Value ETF

Several 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 in the third quarter valued at $26,000. Laurel Wealth Advisors LLC purchased a new stake in shares of Schwab U.S. Large-Cap Value ETF in the 4th quarter worth about $27,000. Ascentis Independent Advisors acquired a new stake in Schwab U.S. Large-Cap Value ETF in the 1st quarter valued at about $32,000. IFC & Insurance Marketing Inc. acquired a new stake in Schwab U.S. Large-Cap Value ETF in the 4th quarter valued at about $38,000. Finally, Strategic Wealth Advisors LLC grew its stake in Schwab U.S. Large-Cap Value ETF by 95.6% in the 1st quarter. Strategic Wealth Advisors LLC now owns 1,526 shares of the company’s stock valued at $46,000 after acquiring an additional 746 shares during the last quarter.

Schwab U.S. Large-Cap Value ETF Company Profile

(Get Free Report)

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.

Further Reading

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