Schwab US Large-Cap ETF (NYSEARCA:SCHX) Reaches New 12-Month High – Time to Buy?

Schwab US Large-Cap ETF (NYSEARCA:SCHX) shares reached a new 52-week high during trading on Tuesday . The stock 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 Performance

The stock has a fifty day simple moving average of $29.38 and a two-hundred day simple moving average of $28.01. The stock has a market cap of $73.63 billion, a PE ratio of 25.66 and a beta of 1.00.

Institutional Investors Weigh In On Schwab US Large-Cap ETF

Large investors have recently modified their holdings of the stock. Clayton Financial Group LLC raised its stake in Schwab US Large-Cap ETF by 154.6% in the fourth quarter. Clayton Financial Group LLC now owns 49,587 shares of the company’s stock valued at $1,334,000 after purchasing an additional 30,112 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Schwab US Large-Cap ETF by 37.4% in the 4th quarter. Farther Finance Advisors LLC now owns 3,972,127 shares of the company’s stock worth $106,890,000 after purchasing an additional 1,081,148 shares in the last quarter. Rede Wealth LLC purchased a new stake in Schwab US Large-Cap ETF in the fourth quarter worth $855,000. Steele Capital Management Inc. lifted its position in Schwab US Large-Cap ETF by 1.8% during the 4th quarter. Steele Capital Management Inc. now owns 3,985,073 shares of the company’s stock valued at $107,238,000 after acquiring an additional 69,493 shares during the period. Finally, Chicago Partners Investment Group LLC boosted its position in shares of Schwab US Large-Cap ETF by 6.4% in the 4th quarter. Chicago Partners Investment Group LLC now owns 1,735,246 shares of the company’s stock worth $47,233,000 after purchasing an additional 104,479 shares in the last quarter.

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.