Focus Financial Network Inc. Sells 36,590 Shares of Schwab U.S. Large-Cap Value ETF $SCHV

Focus Financial Network Inc. decreased its stake in shares of Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) by 5.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 600,252 shares of the company’s stock after selling 36,590 shares during the period. Schwab U.S. Large-Cap Value ETF accounts for approximately 0.6% of Focus Financial Network Inc.’s holdings, making the stock its 29th biggest holding. Focus Financial Network Inc. owned about 0.13% of Schwab U.S. Large-Cap Value ETF worth $20,895,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Sax Wealth Advisors LLC increased its position in Schwab U.S. Large-Cap Value ETF by 170.6% in the 2nd quarter. Sax Wealth Advisors LLC now owns 175,568 shares of the company’s stock valued at $6,112,000 after acquiring an additional 110,698 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services acquired a new position in shares of Schwab U.S. Large-Cap Value ETF during the second quarter worth approximately $219,000. Valeo Financial Advisors LLC lifted its position in shares of Schwab U.S. Large-Cap Value ETF by 1.8% during the second quarter. Valeo Financial Advisors LLC now owns 45,756 shares of the company’s stock worth $1,593,000 after purchasing an additional 829 shares in the last quarter. Thayer Financial L.L.C. grew its stake in shares of Schwab U.S. Large-Cap Value ETF by 1.1% during the second quarter. Thayer Financial L.L.C. now owns 41,552 shares of the company’s stock valued at $1,446,000 after purchasing an additional 471 shares during the last quarter. Finally, Cooper Financial Group grew its stake in shares of Schwab U.S. Large-Cap Value ETF by 6.6% during the second quarter. Cooper Financial Group now owns 2,276,475 shares of the company’s stock valued at $79,244,000 after purchasing an additional 140,501 shares during the last quarter.

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

Shares of Schwab U.S. Large-Cap Value ETF stock opened at $34.86 on Monday. The firm has a market cap of $16.09 billion, a P/E ratio of 19.08 and a beta of 0.83. The firm has a 50 day simple moving average of $34.28 and a 200 day simple moving average of $32.63. Schwab U.S. Large-Cap Value ETF has a fifty-two week low of $27.89 and a fifty-two week high of $35.07.

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

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Wednesday, June 24th were issued a dividend of $0.1566 per share. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a $0.63 annualized dividend and a yield of 1.8%. 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 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.