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

Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $31.61 and last traded at $31.49, with a volume of 4503270 shares traded. The stock had previously closed at $31.37.

Schwab U.S. Large-Cap Value ETF Stock Up 0.4%

The stock has a market cap of $15.13 billion, a P/E ratio of 19.08 and a beta of 0.90. The business has a 50 day moving average price of $30.16 and a 200 day moving average price of $29.23.

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

Several hedge funds have recently bought and sold shares of SCHV. JPL Wealth Management LLC purchased a new stake in shares of Schwab U.S. Large-Cap Value ETF during the third quarter valued at $26,000. Laurel Wealth Advisors LLC purchased a new position in Schwab U.S. Large-Cap Value ETF in the 4th quarter worth about $27,000. Keener Financial Planning LLC bought a new stake in Schwab U.S. Large-Cap Value ETF during the 2nd quarter valued at about $34,000. Total Investment Management Inc. purchased a new stake in Schwab U.S. Large-Cap Value ETF in the 2nd quarter valued at about $41,000. Finally, REAP Financial Group LLC purchased a new stake in Schwab U.S. Large-Cap Value ETF in the 3rd quarter valued at about $48,000.

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.