Western Wealth Management LLC Takes Position in Schwab U.S. Large-Cap Value ETF $SCHV

Western Wealth Management LLC bought a new stake in shares of Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) in the first quarter, Holdings Channel reports. The fund bought 22,946 shares of the company’s stock, valued at approximately $700,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of SCHV. Valpey Financial Services LLC increased its holdings in Schwab U.S. Large-Cap Value ETF by 2,913.4% during the 4th quarter. Valpey Financial Services LLC now owns 6,251,249 shares of the company’s stock worth $185,099,000 after acquiring an additional 6,043,804 shares during the period. Wellington Management Group LLP bought a new position in Schwab U.S. Large-Cap Value ETF in the 3rd quarter valued at $68,742,000. TSG Advice Partners LLC bought a new position in Schwab U.S. Large-Cap Value ETF in the 1st quarter valued at $30,871,000. World Investment Advisors grew its position in shares of Schwab U.S. Large-Cap Value ETF by 101.6% during the 1st quarter. World Investment Advisors now owns 1,977,398 shares of the company’s stock valued at $60,311,000 after purchasing an additional 996,424 shares in the last quarter. Finally, Global Retirement Partners LLC grew its position in shares of Schwab U.S. Large-Cap Value ETF by 922.2% during the 4th quarter. Global Retirement Partners LLC now owns 875,261 shares of the company’s stock valued at $25,916,000 after purchasing an additional 789,636 shares in the last quarter.

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

Schwab U.S. Large-Cap Value ETF stock opened at $35.33 on Friday. The stock has a market cap of $16.31 billion, a price-to-earnings ratio of 19.08 and a beta of 0.83. The business has a 50-day simple moving average of $34.37 and a 200 day simple moving average of $32.75. Schwab U.S. Large-Cap Value ETF has a 52 week low of $28.22 and a 52 week high of $35.44.

Schwab U.S. Large-Cap Value ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Wednesday, June 24th were given a $0.1566 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Wednesday, June 24th. This is a positive change from Schwab U.S. Large-Cap Value ETF’s previous quarterly dividend of $0.14.

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.