Schwab U.S. Large-Cap Value ETF $SCHV Stake Cut by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. cut its holdings in shares of Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) by 33.5% in the second quarter, HoldingsChannel reports. The fund owned 774,931 shares of the company’s stock after selling 390,672 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Schwab U.S. Large-Cap Value ETF were worth $26,975,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Cahill Financial Advisors Inc. increased its position in Schwab U.S. Large-Cap Value ETF by 0.5% during the second quarter. Cahill Financial Advisors Inc. now owns 184,223 shares of the company’s stock worth $6,413,000 after acquiring an additional 987 shares during the period. MCF Advisors LLC bought a new stake in Schwab U.S. Large-Cap Value ETF in the 2nd quarter valued at $157,000. NewEdge Advisors LLC grew its position in Schwab U.S. Large-Cap Value ETF by 1.1% in the 2nd quarter. NewEdge Advisors LLC now owns 152,382 shares of the company’s stock worth $5,304,000 after purchasing an additional 1,657 shares during the last quarter. Baird Financial Group Inc. increased its holdings in shares of Schwab U.S. Large-Cap Value ETF by 2.2% during the 2nd quarter. Baird Financial Group Inc. now owns 151,747 shares of the company’s stock worth $5,282,000 after purchasing an additional 3,223 shares during the period. Finally, Range Advisory LLC bought a new position in shares of Schwab U.S. Large-Cap Value ETF during the 2nd quarter worth about $219,000.

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

Shares of SCHV traded down $0.35 during trading hours on Wednesday, reaching $33.82. 2,529,201 shares of the company traded hands, compared to its average volume of 3,880,247. The stock’s fifty day moving average is $34.51 and its 200 day moving average is $33.30. The stock has a market cap of $16.80 billion, a P/E ratio of 19.08 and a beta of 0.83. Schwab U.S. Large-Cap Value ETF has a 1-year low of $28.29 and a 1-year high of $35.49.

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.