Schwab US Large-Cap ETF (NYSEARCA:SCHX) Sets New 52-Week High – Time to Buy?

Schwab US Large-Cap ETF (NYSEARCA:SCHX) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $27.50 and last traded at $27.4650, with a volume of 4213159 shares. The stock had previously closed at $27.35.

Schwab US Large-Cap ETF Stock Up 0.4%

The company has a market capitalization of $64.85 billion, a P/E ratio of 25.66 and a beta of 1.01. The business’s 50-day moving average is $26.97 and its two-hundred day moving average is $26.28.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Crews Bank & Trust purchased a new position in shares of Schwab US Large-Cap ETF in the 2nd quarter worth about $26,000. Measured Wealth Private Client Group LLC bought a new stake in Schwab US Large-Cap ETF in the third quarter worth about $26,000. DiNuzzo Private Wealth Inc. boosted its stake in Schwab US Large-Cap ETF by 61.2% in the third quarter. DiNuzzo Private Wealth Inc. now owns 1,093 shares of the company’s stock valued at $28,000 after acquiring an additional 415 shares during the last quarter. Optima Capital LLC bought a new position in shares of Schwab US Large-Cap ETF during the 4th quarter valued at approximately $29,000. Finally, Moser Wealth Advisors LLC purchased a new stake in shares of Schwab US Large-Cap ETF during the 2nd quarter worth approximately $32,000.

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.