Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) Hits New 1-Year High – What’s Next?

Shares of Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) hit a new 52-week high on Wednesday . The company traded as high as $31.02 and last traded at $30.9450, with a volume of 4101996 shares trading hands. The stock had previously closed at $30.53.

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

The firm has a market capitalization of $14.82 billion, a P/E ratio of 19.08 and a beta of 0.90. The stock’s fifty day simple moving average is $29.71 and its 200 day simple moving average is $29.01.

Institutional Investors Weigh In On Schwab U.S. Large-Cap Value ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of SCHV. Sei Investments Co. boosted its stake in Schwab U.S. Large-Cap Value ETF by 3.0% in the third quarter. Sei Investments Co. now owns 44,357,295 shares of the company’s stock valued at $1,291,242,000 after acquiring an additional 1,295,102 shares in the last quarter. Mather Group LLC. lifted its holdings in shares of Schwab U.S. Large-Cap Value ETF by 3.0% during the 4th quarter. Mather Group LLC. now owns 35,128,777 shares of the company’s stock valued at $1,040,163,000 after purchasing an additional 1,023,339 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Schwab U.S. Large-Cap Value ETF by 3.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 16,686,727 shares of the company’s stock valued at $485,751,000 after purchasing an additional 518,827 shares during the last quarter. Osaic Holdings Inc. boosted its position in shares of Schwab U.S. Large-Cap Value ETF by 3.7% in the 2nd quarter. Osaic Holdings Inc. now owns 11,980,931 shares of the company’s stock worth $331,516,000 after purchasing an additional 426,274 shares in the last quarter. Finally, Avantax Planning Partners Inc. grew its stake in Schwab U.S. Large-Cap Value ETF by 1.3% during the 3rd quarter. Avantax Planning Partners Inc. now owns 10,079,785 shares of the company’s stock worth $293,423,000 after buying an additional 133,585 shares during the last quarter.

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. 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.