Gemmer Asset Management LLC reduced its stake in Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV – Free Report) by 1.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,373,480 shares of the company’s stock after selling 59,067 shares during the quarter. Schwab U.S. Large-Cap Value ETF comprises approximately 7.9% of Gemmer Asset Management LLC’s holdings, making the stock its 2nd largest position. Gemmer Asset Management LLC’s holdings in Schwab U.S. Large-Cap Value ETF were worth $117,431,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in SCHV. JPL Wealth Management LLC bought a new stake in Schwab U.S. Large-Cap Value ETF in the third quarter worth $26,000. Ascentis Independent Advisors purchased a new stake in shares of Schwab U.S. Large-Cap Value ETF in the first quarter worth $32,000. NI Acquisitions Company LLC bought a new position in shares of Schwab U.S. Large-Cap Value ETF during the second quarter valued at $34,000. IFC & Insurance Marketing Inc. bought a new position in shares of Schwab U.S. Large-Cap Value ETF during the fourth quarter valued at $38,000. Finally, Strategic Wealth Advisors LLC raised its position in shares of Schwab U.S. Large-Cap Value ETF by 95.6% in the 1st quarter. Strategic Wealth Advisors LLC now owns 1,526 shares of the company’s stock worth $46,000 after purchasing an additional 746 shares during the last quarter.
Schwab U.S. Large-Cap Value ETF Price Performance
Shares of Schwab U.S. Large-Cap Value ETF stock opened at $34.53 on Thursday. The stock has a market cap of $15.94 billion, a price-to-earnings ratio of 19.08 and a beta of 0.83. The firm’s 50-day moving average is $34.54 and its 200 day moving average is $33.17. Schwab U.S. Large-Cap Value ETF has a 1 year low of $28.29 and a 1 year high of $35.49.
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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