FAS Wealth Partners Inc. Reduces Holdings in Schwab U.S. Large-Cap Value ETF $SCHV

FAS Wealth Partners Inc. trimmed its holdings in shares of Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) by 2.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,068,633 shares of the company’s stock after selling 31,512 shares during the quarter. Schwab U.S. Large-Cap Value ETF accounts for about 2.0% of FAS Wealth Partners Inc.’s investment portfolio, making the stock its 11th biggest position. FAS Wealth Partners Inc. owned approximately 0.23% of Schwab U.S. Large-Cap Value ETF worth $32,593,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of SCHV. JPL Wealth Management LLC purchased a new position in shares of Schwab U.S. Large-Cap Value ETF during the 3rd quarter valued at approximately $26,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Schwab U.S. Large-Cap Value ETF during the fourth quarter worth approximately $27,000. Ascentis Independent Advisors bought a new stake in shares of Schwab U.S. Large-Cap Value ETF in the first quarter worth $32,000. IFC & Insurance Marketing Inc. bought a new stake in shares of Schwab U.S. Large-Cap Value ETF in the fourth quarter worth $38,000. Finally, Strategic Wealth Advisors LLC raised its holdings in Schwab U.S. Large-Cap Value ETF by 95.6% in the first quarter. Strategic Wealth Advisors LLC now owns 1,526 shares of the company’s stock valued at $46,000 after acquiring an additional 746 shares in the last quarter.

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

NYSEARCA SCHV opened at $34.07 on Monday. Schwab U.S. Large-Cap Value ETF has a 12 month low of $27.39 and a 12 month high of $35.05. The company has a market capitalization of $15.73 billion, a price-to-earnings ratio of 19.08 and a beta of 0.82. The company’s fifty day moving average price is $34.16 and its two-hundred day moving average price is $32.49.

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

The business also recently announced a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Wednesday, June 24th were paid a $0.1566 dividend. This is a boost from Schwab U.S. Large-Cap Value ETF’s previous quarterly dividend of $0.14. The ex-dividend date was Wednesday, June 24th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.8%.

About Schwab U.S. Large-Cap Value ETF

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.