Schwab US Large-Cap ETF (NYSEARCA:SCHX) Sets New 52-Week High – Here’s Why

Schwab US Large-Cap ETF (NYSEARCA:SCHX)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $30.05 and last traded at $30.05, with a volume of 301746 shares trading hands. The stock had previously closed at $29.88.

Schwab US Large-Cap ETF Stock Up 1.0%

The company’s 50 day moving average price is $29.38 and its 200 day moving average price is $28.01. The firm has a market capitalization of $73.63 billion, a price-to-earnings ratio of 25.66 and a beta of 1.00.

Institutional Trading of Schwab US Large-Cap ETF

Several large investors have recently made changes to their positions in the business. Corient Private Wealth LLC grew its position in shares of Schwab US Large-Cap ETF by 163.9% in the 2nd quarter. Corient Private Wealth LLC now owns 12,518,206 shares of the company’s stock valued at $306,087,000 after buying an additional 7,775,179 shares during the last quarter. EP Wealth Advisors LLC purchased a new stake in Schwab US Large-Cap ETF in the 4th quarter valued at approximately $86,562,000. Financial Solutions Advisory Group Inc. purchased a new stake in shares of Schwab US Large-Cap ETF during the 1st quarter worth $70,778,000. Scarborough Advisors LLC acquired a new position in Schwab US Large-Cap ETF during the first quarter worth about $60,491,000. Finally, Fund Evaluation Group LLC grew its holdings in shares of Schwab US Large-Cap ETF by 32.4% in the 4th quarter. Fund Evaluation Group LLC now owns 9,492,565 shares of the company’s stock worth $255,445,000 after acquiring an additional 2,325,216 shares during the period.

About Schwab US Large-Cap ETF

Schwab U.S. Large-Cap ETF (the Fund) goal is to track the total return of the Dow Jones U.S. Large-Cap Total Stock Market Index (the Index). The Fund’s index includes the large-cap portion of the Dow Jones U.S. Total Stock Market Index available to investors in the marketplace. The Dow Jones U.S. Large-Cap Total Stock Market Index includes the components ranked 1-750 by full market capitalization. The Index is a float-adjusted market capitalization weighted index. The types of derivatives used by the Fund are options, futures, options on futures and swaps.