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

Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $35.49 and last traded at $35.32, with a volume of 3199923 shares changing hands. The stock had previously closed at $35.37.

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

The firm has a fifty day moving average of $34.49 and a 200 day moving average of $32.86. The company has a market capitalization of $16.18 billion, a P/E ratio of 19.08 and a beta of 0.83.

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

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

Institutional Inflows and Outflows

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