Schwab US Large-Cap ETF (NYSEARCA:SCHX) Hits New 12-Month High – Still a Buy?

Shares of Schwab US Large-Cap ETF (NYSEARCA:SCHX) hit a new 52-week high on Thursday . The stock traded as high as $28.24 and last traded at $28.23, with a volume of 9784899 shares trading hands. The stock had previously closed at $28.02.

Schwab US Large-Cap ETF Trading Up 1.0%

The firm has a 50 day simple moving average of $26.74 and a two-hundred day simple moving average of $26.86. The company has a market capitalization of $68.18 billion, a PE ratio of 25.66 and a beta of 1.01.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of SCHX. Fortis Capital Advisors LLC boosted its holdings in shares of Schwab US Large-Cap ETF by 4.0% in the third quarter. Fortis Capital Advisors LLC now owns 1,370,889 shares of the company’s stock valued at $36,109,000 after acquiring an additional 53,242 shares in the last quarter. GEN Financial Management INC. boosted its holdings in shares of Schwab US Large-Cap ETF by 24.5% in the fourth quarter. GEN Financial Management INC. now owns 895,830 shares of the company’s stock valued at $24,107,000 after acquiring an additional 176,498 shares in the last quarter. Clayton Financial Group LLC boosted its holdings in shares of Schwab US Large-Cap ETF by 154.6% in the fourth quarter. Clayton Financial Group LLC now owns 49,587 shares of the company’s stock valued at $1,334,000 after acquiring an additional 30,112 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in shares of Schwab US Large-Cap ETF by 5.1% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,130,533 shares of the company’s stock valued at $30,423,000 after acquiring an additional 55,088 shares in the last quarter. Finally, Cynosure Group LLC boosted its holdings in shares of Schwab US Large-Cap ETF by 45.9% in the third quarter. Cynosure Group LLC now owns 272,968 shares of the company’s stock valued at $7,190,000 after acquiring an additional 85,919 shares in the last quarter.

About Schwab US Large-Cap ETF

Schwab U.S. Large-Cap ETF (the Fund) goal is to track the total return of the Dow Jones U.S. Large-Cap Total Stock Market Index (the Index). The Fund’s index includes the large-cap portion of the Dow Jones U.S. Total Stock Market Index available to investors in the marketplace. The Dow Jones U.S. Large-Cap Total Stock Market Index includes the components ranked 1-750 by full market capitalization. The Index is a float-adjusted market capitalization weighted index. The types of derivatives used by the Fund are options, futures, options on futures and swaps.