RMG Wealth Management LLC boosted its stake in Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV – Free Report) by 801.8% during the first quarter, HoldingsChannel reports. The firm owned 41,508 shares of the company’s stock after buying an additional 36,905 shares during the period. Schwab U.S. Large-Cap Value ETF comprises about 0.2% of RMG Wealth Management LLC’s portfolio, making the stock its 16th biggest holding. RMG Wealth Management LLC’s holdings in Schwab U.S. Large-Cap Value ETF were worth $1,364,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Brighton Jones LLC grew its position in Schwab U.S. Large-Cap Value ETF by 282.6% in the fourth quarter. Brighton Jones LLC now owns 28,473 shares of the company’s stock worth $742,000 after acquiring an additional 21,031 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of Schwab U.S. Large-Cap Value ETF by 200.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 20,879 shares of the company’s stock valued at $544,000 after buying an additional 13,925 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Schwab U.S. Large-Cap Value ETF by 179.6% during the 1st quarter. AQR Capital Management LLC now owns 35,409 shares of the company’s stock valued at $941,000 after buying an additional 22,744 shares in the last quarter. Brown Advisory Inc. lifted its position in Schwab U.S. Large-Cap Value ETF by 27.4% in the 2nd quarter. Brown Advisory Inc. now owns 12,952 shares of the company’s stock worth $358,000 after buying an additional 2,787 shares during the last quarter. Finally, Qube Research & Technologies Ltd lifted its position in Schwab U.S. Large-Cap Value ETF by 2,712.1% in the 2nd quarter. Qube Research & Technologies Ltd now owns 12,542 shares of the company’s stock worth $347,000 after buying an additional 12,096 shares during the last quarter.
Schwab U.S. Large-Cap Value ETF Price Performance
Shares of SCHV opened at $34.22 on Friday. Schwab U.S. Large-Cap Value ETF has a 1 year low of $27.39 and a 1 year high of $35.05. The stock has a 50 day simple moving average of $34.00 and a two-hundred day simple moving average of $32.33. The firm has a market cap of $15.77 billion, a P/E ratio of 19.08 and a beta of 0.82.
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.
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