Schwab U.S. Large-Cap Value ETF $SCHV Shares Acquired by Friday Financial

Friday Financial increased its holdings in Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) by 23.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 388,248 shares of the company’s stock after buying an additional 73,888 shares during the quarter. Schwab U.S. Large-Cap Value ETF comprises 3.6% of Friday Financial’s portfolio, making the stock its 7th largest holding. Friday Financial’s holdings in Schwab U.S. Large-Cap Value ETF were worth $13,329,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. JPL Wealth Management LLC bought a new stake in Schwab U.S. Large-Cap Value ETF during the 3rd quarter valued at $26,000. Laurel Wealth Advisors LLC acquired a new position in Schwab U.S. Large-Cap Value ETF during the 4th quarter worth $27,000. Ascentis Independent Advisors bought a new position in shares of Schwab U.S. Large-Cap Value ETF in the first quarter worth $32,000. IFC & Insurance Marketing Inc. bought a new position in shares of Schwab U.S. Large-Cap Value ETF in the fourth quarter worth $38,000. Finally, Strategic Wealth Advisors LLC increased its holdings in shares of Schwab U.S. Large-Cap Value ETF by 95.6% during the first quarter. Strategic Wealth Advisors LLC now owns 1,526 shares of the company’s stock valued at $46,000 after purchasing an additional 746 shares during the period.

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

Shares of SCHV opened at $34.86 on Monday. Schwab U.S. Large-Cap Value ETF has a one year low of $27.89 and a one year high of $35.07. The stock’s fifty day moving average is $34.28 and its 200-day moving average is $32.63. The firm has a market capitalization of $16.09 billion, a price-to-earnings ratio of 19.08 and a beta of 0.83.

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

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

Schwab U.S. Large-Cap Value ETF 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.