Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) Hits New 52-Week High – Time to Buy?

Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $29.78 and last traded at $29.7890, with a volume of 1237664 shares changing hands. The stock had previously closed at $29.64.

Schwab U.S. Large-Cap Value ETF Trading Up 0.6%

The stock has a fifty day simple moving average of $29.10 and a 200-day simple moving average of $28.42. The stock has a market cap of $14.11 billion, a price-to-earnings ratio of 19.08 and a beta of 0.90.

Hedge Funds Weigh In On Schwab U.S. Large-Cap Value ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sei Investments Co. boosted its holdings in Schwab U.S. Large-Cap Value ETF by 3.0% in the 3rd quarter. Sei Investments Co. now owns 44,357,295 shares of the company’s stock valued at $1,291,242,000 after purchasing an additional 1,295,102 shares during the period. Mather Group LLC. raised its position in shares of Schwab U.S. Large-Cap Value ETF by 3.4% during the third quarter. Mather Group LLC. now owns 34,105,438 shares of the company’s stock valued at $992,809,000 after buying an additional 1,113,321 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Schwab U.S. Large-Cap Value ETF by 3.2% during the third quarter. Envestnet Asset Management Inc. now owns 16,686,727 shares of the company’s stock valued at $485,751,000 after buying an additional 518,827 shares during the last quarter. Osaic Holdings Inc. lifted its stake in shares of Schwab U.S. Large-Cap Value ETF by 3.7% in the second quarter. Osaic Holdings Inc. now owns 11,980,931 shares of the company’s stock valued at $331,516,000 after buying an additional 426,274 shares during the period. Finally, Avantax Planning Partners Inc. lifted its stake in shares of Schwab U.S. Large-Cap Value ETF by 1.3% in the third quarter. Avantax Planning Partners Inc. now owns 10,079,785 shares of the company’s stock valued at $293,423,000 after buying an additional 133,585 shares during the period.

Schwab U.S. Large-Cap Value ETF Company Profile

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.