Schwab US Large-Cap ETF (NYSEARCA:SCHX) Hits New 12-Month High – Should You Buy?

Schwab US Large-Cap ETF (NYSEARCA:SCHX)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $27.46 and last traded at $27.4550, with a volume of 7504830 shares changing hands. The stock had previously closed at $27.42.

Schwab US Large-Cap ETF Price Performance

The company has a market capitalization of $64.71 billion, a P/E ratio of 25.66 and a beta of 1.01. The stock’s 50 day simple moving average is $26.86 and its two-hundred day simple moving average is $26.09.

Hedge Funds Weigh In On Schwab US Large-Cap ETF

A number of institutional investors and hedge funds have recently bought and sold shares of SCHX. Measured Wealth Private Client Group LLC acquired a new position in Schwab US Large-Cap ETF during the third quarter worth $26,000. Crews Bank & Trust purchased a new position in shares of Schwab US Large-Cap ETF during the 2nd quarter valued at about $26,000. DiNuzzo Private Wealth Inc. boosted its stake in shares of Schwab US Large-Cap ETF by 61.2% during the third quarter. DiNuzzo Private Wealth Inc. now owns 1,093 shares of the company’s stock valued at $28,000 after purchasing an additional 415 shares during the period. S.A. Mason LLC purchased a new position in shares of Schwab US Large-Cap ETF during the second quarter valued at about $29,000. Finally, Moser Wealth Advisors LLC purchased a new position in Schwab US Large-Cap ETF during the second quarter valued at $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.