Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) Reaches New 12-Month High – What’s Next?

Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $29.93 and last traded at $29.9250, with a volume of 441798 shares changing hands. The stock had previously closed at $29.81.

Schwab U.S. Large-Cap Value ETF Price Performance

The firm has a market cap of $14.17 billion, a P/E ratio of 19.08 and a beta of 0.90. The business’s 50-day moving average is $29.21 and its two-hundred day moving average is $28.61.

Hedge Funds Weigh In On Schwab U.S. Large-Cap Value ETF

Several hedge funds have recently modified their holdings of the stock. Abound Wealth Management raised its holdings in Schwab U.S. Large-Cap Value ETF by 993.1% during the second quarter. Abound Wealth Management now owns 951 shares of the company’s stock worth $26,000 after acquiring an additional 864 shares in the last quarter. JPL Wealth Management LLC acquired a new position in shares of Schwab U.S. Large-Cap Value ETF during the 3rd quarter worth approximately $26,000. First Community Trust NA bought a new stake in shares of Schwab U.S. Large-Cap Value ETF during the 2nd quarter worth approximately $33,000. Keener Financial Planning LLC bought a new stake in shares of Schwab U.S. Large-Cap Value ETF during the 2nd quarter worth approximately $34,000. Finally, Total Investment Management Inc. acquired a new stake in shares of Schwab U.S. Large-Cap Value ETF in the 2nd quarter valued at approximately $41,000.

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.