Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) Reaches New 12-Month High – Should You Buy?

Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $33.75 and last traded at $33.53, with a volume of 3585381 shares. The stock had previously closed at $33.60.

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

The firm has a market capitalization of $15.69 billion, a P/E ratio of 19.08 and a beta of 0.83. The company has a 50-day moving average price of $31.80 and a 200-day moving average price of $30.95.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Sei Investments Co. boosted its position in shares of 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 worth $1,291,242,000 after purchasing an additional 1,295,102 shares during the last quarter. Mather Group LLC. boosted its position in shares of Schwab U.S. Large-Cap Value ETF by 3.0% in the 4th quarter. Mather Group LLC. now owns 35,128,777 shares of the company’s stock worth $1,040,163,000 after purchasing an additional 1,023,339 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in Schwab U.S. Large-Cap Value ETF by 3.2% in the third quarter. Envestnet Asset Management Inc. now owns 16,686,727 shares of the company’s stock valued at $485,751,000 after acquiring an additional 518,827 shares during the period. Avantax Planning Partners Inc. grew its stake in Schwab U.S. Large-Cap Value ETF by 0.3% in the first quarter. Avantax Planning Partners Inc. now owns 10,217,486 shares of the company’s stock valued at $311,633,000 after acquiring an additional 29,579 shares during the period. Finally, Mariner LLC grew its stake in Schwab U.S. Large-Cap Value ETF by 3.8% in the fourth quarter. Mariner LLC now owns 9,103,028 shares of the company’s stock valued at $269,542,000 after acquiring an additional 329,550 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. 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.