Schwab U.S. Large-Cap Value ETF $SCHV Position Raised by Summit Asset Management LLC

Summit Asset Management LLC lifted its position in Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) by 4.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,232,457 shares of the company’s stock after acquiring an additional 56,984 shares during the period. Schwab U.S. Large-Cap Value ETF accounts for approximately 5.2% of Summit Asset Management LLC’s investment portfolio, making the stock its 5th biggest holding. Summit Asset Management LLC’s holdings in Schwab U.S. Large-Cap Value ETF were worth $37,590,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in SCHV. Cypress Financial Planning LLC purchased a new stake in shares of Schwab U.S. Large-Cap Value ETF in the fourth quarter worth about $3,254,000. BCS Wealth Management raised its position in Schwab U.S. Large-Cap Value ETF by 84.6% during the fourth quarter. BCS Wealth Management now owns 131,958 shares of the company’s stock valued at $3,907,000 after acquiring an additional 60,489 shares in the last quarter. Farther Finance Advisors LLC raised its position in Schwab U.S. Large-Cap Value ETF by 27.3% during the fourth quarter. Farther Finance Advisors LLC now owns 507,880 shares of the company’s stock valued at $15,038,000 after acquiring an additional 108,980 shares in the last quarter. Secure Asset Management LLC lifted its holdings in Schwab U.S. Large-Cap Value ETF by 50.4% in the fourth quarter. Secure Asset Management LLC now owns 78,846 shares of the company’s stock valued at $2,335,000 after acquiring an additional 26,414 shares during the period. Finally, Exchange Traded Concepts LLC boosted its position in Schwab U.S. Large-Cap Value ETF by 11.4% in the 4th quarter. Exchange Traded Concepts LLC now owns 2,035,286 shares of the company’s stock worth $60,265,000 after purchasing an additional 208,237 shares in the last quarter.

Schwab U.S. Large-Cap Value ETF Trading Down 0.5%

Schwab U.S. Large-Cap Value ETF stock opened at $33.65 on Tuesday. The firm has a market cap of $15.50 billion, a PE ratio of 19.08 and a beta of 0.82. Schwab U.S. Large-Cap Value ETF has a 12 month low of $27.39 and a 12 month high of $35.05. The stock’s 50 day simple moving average is $33.92 and its two-hundred day simple moving average is $32.24.

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.