Murphy Middleton Hinkle & Parker Inc. Has $12.15 Million Holdings in Schwab U.S. Large-Cap Value ETF $SCHV

Murphy Middleton Hinkle & Parker Inc. lifted its stake in Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) by 6.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 349,164 shares of the company’s stock after acquiring an additional 21,899 shares during the quarter. Schwab U.S. Large-Cap Value ETF makes up approximately 4.9% of Murphy Middleton Hinkle & Parker Inc.’s investment portfolio, making the stock its 2nd largest position. Murphy Middleton Hinkle & Parker Inc. owned approximately 0.08% of Schwab U.S. Large-Cap Value ETF worth $12,154,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of SCHV. Valpey Financial Services LLC grew its position in shares of Schwab U.S. Large-Cap Value ETF by 2,913.4% in the 4th quarter. Valpey Financial Services LLC now owns 6,251,249 shares of the company’s stock valued at $185,099,000 after acquiring an additional 6,043,804 shares during the period. RFG Advisory LLC raised its holdings in shares of Schwab U.S. Large-Cap Value ETF by 207.2% in the 4th quarter. RFG Advisory LLC now owns 53,509 shares of the company’s stock valued at $1,584,000 after purchasing an additional 36,092 shares during the period. Argos Wealth Advisors LLC bought a new stake in shares of Schwab U.S. Large-Cap Value ETF in the 4th quarter valued at about $884,000. World Investment Advisors lifted its stake in Schwab U.S. Large-Cap Value ETF by 628.0% in the 4th quarter. World Investment Advisors now owns 980,974 shares of the company’s stock valued at $28,503,000 after purchasing an additional 846,224 shares during the last quarter. Finally, Summit Wealth Group LLC Co. bought a new position in Schwab U.S. Large-Cap Value ETF during the fourth quarter worth about $599,000.

Schwab U.S. Large-Cap Value ETF Stock Down 0.6%

Shares of NYSEARCA SCHV opened at $34.32 on Wednesday. The business’s 50 day moving average price is $34.53 and its two-hundred day moving average price is $33.06. The company has a market cap of $15.85 billion, a PE ratio of 19.08 and a beta of 0.83. Schwab U.S. Large-Cap Value ETF has a twelve month low of $28.29 and a twelve month high of $35.49.

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

The firm also recently announced a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Wednesday, June 24th were issued a dividend of $0.1566 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Wednesday, June 24th. This is a boost 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.