WNY Asset Management LLC Takes Position in Schwab U.S. Large-Cap Value ETF $SCHV

WNY Asset Management LLC acquired a new position in Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 19,322 shares of the company’s stock, valued at approximately $589,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPL Wealth Management LLC bought a new stake in shares of Schwab U.S. Large-Cap Value ETF in the 3rd quarter valued at about $26,000. Laurel Wealth Advisors LLC bought a new position in shares of Schwab U.S. Large-Cap Value ETF during the fourth quarter valued at approximately $27,000. Ascentis Independent Advisors bought a new position in shares of Schwab U.S. Large-Cap Value ETF during the first quarter valued at approximately $32,000. IFC & Insurance Marketing Inc. purchased a new position in Schwab U.S. Large-Cap Value ETF during the fourth quarter valued at approximately $38,000. Finally, Strategic Wealth Advisors LLC raised its stake 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 worth $46,000 after buying an additional 746 shares in the last quarter.

Schwab U.S. Large-Cap Value ETF Stock Down 0.3%

Shares of NYSEARCA:SCHV opened at $34.07 on Friday. The firm has a 50 day moving average of $34.16 and a 200 day moving average of $32.48. The company has a market capitalization of $15.73 billion, a price-to-earnings ratio of 19.08 and a beta of 0.82. Schwab U.S. Large-Cap Value ETF has a 52 week low of $27.39 and a 52 week high of $35.05.

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

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

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.