Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) Sets New 12-Month High – What’s Next?

Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) hit a new 52-week high during trading on Friday . The company traded as high as $26.87 and last traded at $26.86, with a volume of 32187 shares trading hands. The stock had previously closed at $26.70.

Schwab U.S. Large-Cap Value ETF Stock Up 1.1 %

The firm has a market capitalization of $3.90 billion, a P/E ratio of 17.88 and a beta of 0.77. The business’s 50-day simple moving average is $77.24 and its 200 day simple moving average is $75.52.

Institutional Trading of Schwab U.S. Large-Cap Value ETF

A number of institutional investors have recently made changes to their positions in the stock. Sei Investments Co. boosted its stake in shares of Schwab U.S. Large-Cap Value ETF by 5.1% during the second quarter. Sei Investments Co. now owns 11,499,907 shares of the company’s stock valued at $851,913,000 after purchasing an additional 553,600 shares during the period. Mather Group LLC. boosted its stake in shares of Schwab U.S. Large-Cap Value ETF by 6.0% during the second quarter. Mather Group LLC. now owns 11,127,954 shares of the company’s stock valued at $845,502,000 after purchasing an additional 628,056 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Schwab U.S. Large-Cap Value ETF by 10.5% during the second quarter. Envestnet Asset Management Inc. now owns 4,023,662 shares of the company’s stock valued at $298,073,000 after purchasing an additional 382,380 shares during the period. Gemmer Asset Management LLC boosted its stake in shares of Schwab U.S. Large-Cap Value ETF by 4.0% during the second quarter. Gemmer Asset Management LLC now owns 1,337,883 shares of the company’s stock valued at $99,110,000 after purchasing an additional 51,758 shares during the period. Finally, LPL Financial LLC lifted its stake in Schwab U.S. Large-Cap Value ETF by 0.4% in the second quarter. LPL Financial LLC now owns 1,084,738 shares of the company’s stock worth $80,357,000 after acquiring an additional 4,493 shares during the period.

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.