Schwab U.S. Large-Cap Value ETF $SCHV is Spectrum Asset Management Inc. NB CA’s 3rd Largest Position

Spectrum Asset Management Inc. NB CA raised its position in Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) by 16.2% in the 1st quarter, HoldingsChannel.com reports. The fund owned 475,103 shares of the company’s stock after acquiring an additional 66,195 shares during the quarter. Schwab U.S. Large-Cap Value ETF comprises approximately 4.6% of Spectrum Asset Management Inc. NB CA’s holdings, making the stock its 3rd largest position. Spectrum Asset Management Inc. NB CA’s holdings in Schwab U.S. Large-Cap Value ETF were worth $14,491,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of SCHV. JPL Wealth Management LLC purchased a new stake in Schwab U.S. Large-Cap Value ETF during the third quarter worth about $26,000. Laurel Wealth Advisors LLC purchased a new position in shares of Schwab U.S. Large-Cap Value ETF in the fourth quarter valued at approximately $27,000. IFC & Insurance Marketing Inc. purchased a new position in shares of Schwab U.S. Large-Cap Value ETF in the fourth quarter valued at approximately $38,000. Acumen Wealth Advisors LLC acquired a new position in shares of Schwab U.S. Large-Cap Value ETF in the fourth quarter valued at approximately $47,000. Finally, Arax Advisory Partners acquired a new position in shares of Schwab U.S. Large-Cap Value ETF in the fourth quarter valued at approximately $52,000.

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

Shares of SCHV opened at $34.46 on Friday. Schwab U.S. Large-Cap Value ETF has a fifty-two week low of $27.39 and a fifty-two week high of $35.05. The firm’s 50 day moving average price is $33.27 and its 200 day moving average price is $31.71. The company has a market cap of $16.13 billion, a P/E ratio of 19.08 and a beta of 0.83.

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.