Dravo Bay LLC Has $32.80 Million Stake in Schwab U.S. Large-Cap Value ETF $SCHV

Dravo Bay LLC increased its stake in Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) by 0.4% in the second quarter, Holdings Channel reports. The institutional investor owned 1,163,659 shares of the company’s stock after acquiring an additional 4,783 shares during the quarter. Schwab U.S. Large-Cap Value ETF accounts for about 15.9% of Dravo Bay LLC’s portfolio, making the stock its 2nd largest position. Dravo Bay LLC’s holdings in Schwab U.S. Large-Cap Value ETF were worth $32,801,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in SCHV. Exchange Traded Concepts LLC bought a new stake in shares of Schwab U.S. Large-Cap Value ETF in the second quarter worth $30,071,000. World Investment Advisors increased its stake in shares of Schwab U.S. Large-Cap Value ETF by 1,943.4% in the first quarter. World Investment Advisors now owns 1,102,992 shares of the company’s stock worth $29,318,000 after buying an additional 1,049,014 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Schwab U.S. Large-Cap Value ETF by 3.5% in the first quarter. Envestnet Asset Management Inc. now owns 16,489,014 shares of the company’s stock worth $438,278,000 after buying an additional 562,331 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Schwab U.S. Large-Cap Value ETF by 423.8% in the first quarter. Geneos Wealth Management Inc. now owns 671,238 shares of the company’s stock worth $17,842,000 after buying an additional 543,091 shares during the last quarter. Finally, Seek First Inc. bought a new stake in shares of Schwab U.S. Large-Cap Value ETF in the first quarter worth $12,863,000.

Schwab U.S. Large-Cap Value ETF Trading Up 0.1%

Shares of NYSEARCA:SCHV opened at $28.91 on Friday. The company has a fifty day simple moving average of $28.95 and a 200 day simple moving average of $27.79. The firm has a market cap of $13.66 billion, a PE ratio of 19.08 and a beta of 0.90. Schwab U.S. Large-Cap Value ETF has a 12-month low of $23.08 and a 12-month high of $29.47.

About Schwab U.S. Large-Cap Value ETF

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.