Steelhead Wealth Management LLC Invests $14.29 Million in Schwab U.S. Large-Cap Value ETF $SCHV

Steelhead Wealth Management LLC acquired a new position in shares of Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 468,687 shares of the company’s stock, valued at approximately $14,294,000. Schwab U.S. Large-Cap Value ETF makes up about 7.2% of Steelhead Wealth Management LLC’s investment portfolio, making the stock its 2nd biggest position.

Other institutional investors also recently modified their holdings of the company. BCS Wealth Management grew its stake in Schwab U.S. Large-Cap Value ETF by 84.6% in the 4th quarter. BCS Wealth Management now owns 131,958 shares of the company’s stock worth $3,907,000 after buying an additional 60,489 shares in the last quarter. Farther Finance Advisors LLC grew its position in Schwab U.S. Large-Cap Value ETF by 27.3% in the fourth quarter. Farther Finance Advisors LLC now owns 507,880 shares of the company’s stock worth $15,038,000 after acquiring an additional 108,980 shares in the last quarter. Secure Asset Management LLC increased its stake in Schwab U.S. Large-Cap Value ETF by 50.4% in the fourth quarter. Secure Asset Management LLC now owns 78,846 shares of the company’s stock valued at $2,335,000 after acquiring an additional 26,414 shares during the last quarter. CWM LLC increased its stake in Schwab U.S. Large-Cap Value ETF by 180.2% in the fourth quarter. CWM LLC now owns 387,372 shares of the company’s stock valued at $11,470,000 after acquiring an additional 249,130 shares during the last quarter. Finally, Assetmark Inc. raised its position in Schwab U.S. Large-Cap Value ETF by 62.4% during the fourth quarter. Assetmark Inc. now owns 82,518 shares of the company’s stock valued at $2,443,000 after purchasing an additional 31,695 shares in the last quarter.

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

Shares of SCHV stock opened at $34.07 on Monday. The business has a 50-day moving average price of $34.16 and a two-hundred day moving average price of $32.49. 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 cap of $15.73 billion, a P/E ratio of 19.08 and a beta of 0.82.

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

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

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.