Schwab US Large-Cap ETF (NYSEARCA:SCHX) Hits New 52-Week High – Still a Buy?

Shares of Schwab US Large-Cap ETF (NYSEARCA:SCHX) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $29.53 and last traded at $29.49, with a volume of 516297 shares trading hands. The stock had previously closed at $29.33.

Schwab US Large-Cap ETF Trading Down 0.0%

The business has a 50 day moving average of $27.55 and a 200-day moving average of $27.16. The stock has a market cap of $71.18 billion, a PE ratio of 25.66 and a beta of 1.01.

Institutional Investors Weigh In On Schwab US Large-Cap ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Brighton Jones LLC lifted its stake in shares of Schwab US Large-Cap ETF by 198.5% during the 4th quarter. Brighton Jones LLC now owns 211,330 shares of the company’s stock worth $4,899,000 after purchasing an additional 140,539 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Schwab US Large-Cap ETF by 33.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 62,112 shares of the company’s stock worth $1,518,000 after purchasing an additional 15,522 shares during the period. First Trust Advisors LP purchased a new position in shares of Schwab US Large-Cap ETF during the 2nd quarter worth $633,000. Baird Financial Group Inc. lifted its stake in shares of Schwab US Large-Cap ETF by 25.1% during the 2nd quarter. Baird Financial Group Inc. now owns 35,076 shares of the company’s stock worth $857,000 after purchasing an additional 7,045 shares during the period. Finally, Ieq Capital LLC lifted its stake in shares of Schwab US Large-Cap ETF by 9.1% during the 2nd quarter. Ieq Capital LLC now owns 247,992 shares of the company’s stock worth $6,061,000 after purchasing an additional 20,758 shares during the period.

Schwab US Large-Cap ETF Company Profile

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.