Bridges Investment Management Inc. Trims Stake in Schwab U.S. Large-Cap Value ETF $SCHV

Bridges Investment Management Inc. lowered its position in Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) by 70.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,995 shares of the company’s stock after selling 24,012 shares during the quarter. Bridges Investment Management Inc.’s holdings in Schwab U.S. Large-Cap Value ETF were worth $296,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Cadence Wealth Management LLC grew its holdings in shares of Schwab U.S. Large-Cap Value ETF by 9.4% in the third quarter. Cadence Wealth Management LLC now owns 208,213 shares of the company’s stock worth $6,061,000 after purchasing an additional 17,853 shares during the last quarter. CENTRAL TRUST Co bought a new position in shares of Schwab U.S. Large-Cap Value ETF in the third quarter worth about $642,000. Cypress Financial Planning LLC bought a new position in shares of Schwab U.S. Large-Cap Value ETF in the fourth quarter worth about $3,254,000. Baring Financial LLC bought a new position in shares of Schwab U.S. Large-Cap Value ETF in the fourth quarter worth about $6,868,000. Finally, Compound Planning Inc. grew its holdings in shares of Schwab U.S. Large-Cap Value ETF by 11.1% in the third quarter. Compound Planning Inc. now owns 2,090,688 shares of the company’s stock worth $60,860,000 after purchasing an additional 209,251 shares during the last quarter.

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

NYSEARCA SCHV opened at $34.18 on Friday. The company’s 50-day moving average price is $32.19 and its 200-day moving average price is $31.14. The stock has a market cap of $16.00 billion, a PE ratio of 19.08 and a beta of 0.83. Schwab U.S. Large-Cap Value ETF has a 12 month low of $26.78 and a 12 month high of $34.26.

Schwab U.S. Large-Cap Value ETF Profile

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.