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

Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $30.13 and last traded at $30.1250, with a volume of 245424 shares trading hands. The stock had previously closed at $29.90.

Schwab U.S. Large-Cap Value ETF Stock Up 1.1%

The firm has a market cap of $14.52 billion, a price-to-earnings ratio of 19.08 and a beta of 0.90. The firm has a 50 day moving average of $29.33 and a 200 day moving average of $28.76.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Sei Investments Co. raised its holdings in shares of Schwab U.S. Large-Cap Value ETF by 3.0% during the third quarter. Sei Investments Co. now owns 44,357,295 shares of the company’s stock valued at $1,291,242,000 after purchasing an additional 1,295,102 shares during the period. Mather Group LLC. grew its stake in shares of Schwab U.S. Large-Cap Value ETF by 3.4% in the 3rd quarter. Mather Group LLC. now owns 34,105,438 shares of the company’s stock valued at $992,809,000 after buying an additional 1,113,321 shares during the period. Envestnet Asset Management Inc. increased its position in Schwab U.S. Large-Cap Value ETF by 3.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 16,686,727 shares of the company’s stock valued at $485,751,000 after buying an additional 518,827 shares in the last quarter. Osaic Holdings Inc. raised its stake in Schwab U.S. Large-Cap Value ETF by 3.7% during the 2nd quarter. Osaic Holdings Inc. now owns 11,980,931 shares of the company’s stock worth $331,516,000 after buying an additional 426,274 shares during the period. Finally, Avantax Planning Partners Inc. raised its stake in Schwab U.S. Large-Cap Value ETF by 1.3% during the 3rd quarter. Avantax Planning Partners Inc. now owns 10,079,785 shares of the company’s stock worth $293,423,000 after buying an additional 133,585 shares during the period.

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