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

Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) reached a new 52-week high on Friday . The company traded as high as $33.24 and last traded at $33.22, with a volume of 38880 shares changing hands. The stock had previously closed at $33.00.

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

The business has a 50 day moving average price of $31.59 and a two-hundred day moving average price of $30.81. The company has a market cap of $15.57 billion, a P/E ratio of 19.08 and a beta of 0.83.

Institutional Investors Weigh In On Schwab U.S. Large-Cap Value ETF

A number of hedge funds and other institutional investors have recently modified their holdings of SCHV. Brighton Jones LLC raised its position in Schwab U.S. Large-Cap Value ETF by 282.6% during the 4th quarter. Brighton Jones LLC now owns 28,473 shares of the company’s stock valued at $742,000 after purchasing an additional 21,031 shares during the last quarter. Revolve Wealth Partners LLC raised its position in Schwab U.S. Large-Cap Value ETF by 200.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 20,879 shares of the company’s stock valued at $544,000 after purchasing an additional 13,925 shares during the last quarter. AQR Capital Management LLC raised its position in Schwab U.S. Large-Cap Value ETF by 179.6% during the 1st quarter. AQR Capital Management LLC now owns 35,409 shares of the company’s stock valued at $941,000 after purchasing an additional 22,744 shares during the last quarter. Brown Advisory Inc. raised its position in Schwab U.S. Large-Cap Value ETF by 27.4% during the 2nd quarter. Brown Advisory Inc. now owns 12,952 shares of the company’s stock valued at $358,000 after purchasing an additional 2,787 shares during the last quarter. Finally, Qube Research & Technologies Ltd raised its position in Schwab U.S. Large-Cap Value ETF by 2,712.1% during the 2nd quarter. Qube Research & Technologies Ltd now owns 12,542 shares of the company’s stock valued at $347,000 after purchasing an additional 12,096 shares during the last quarter.

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.