Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) Reaches New 52-Week High – Should You Buy?

Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $29.93 and last traded at $29.9250, with a volume of 441798 shares trading hands. The stock had previously closed at $29.81.

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

The stock has a fifty day simple moving average of $29.21 and a two-hundred day simple moving average of $28.61. The stock has a market cap of $14.17 billion, a price-to-earnings ratio of 19.08 and a beta of 0.90.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Brighton Jones LLC boosted its stake in shares of Schwab U.S. Large-Cap Value ETF by 282.6% in the 4th quarter. Brighton Jones LLC now owns 28,473 shares of the company’s stock valued at $742,000 after purchasing an additional 21,031 shares in the last quarter. Revolve Wealth Partners LLC increased its position in 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 worth $544,000 after purchasing an additional 13,925 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in Schwab U.S. Large-Cap Value ETF by 40.1% in the 1st quarter. Russell Investments Group Ltd. now owns 5,951 shares of the company’s stock valued at $158,000 after purchasing an additional 1,703 shares during the last quarter. Raymond James Financial Inc. boosted its position in Schwab U.S. Large-Cap Value ETF by 1.3% in the first quarter. Raymond James Financial Inc. now owns 559,861 shares of the company’s stock valued at $14,881,000 after buying an additional 7,069 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in Schwab U.S. Large-Cap Value ETF by 10.4% in the first quarter. Ameriprise Financial Inc. now owns 1,645,478 shares of the company’s stock valued at $43,725,000 after buying an additional 154,409 shares in the last quarter.

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. 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.