Schwab US Large-Cap ETF (NYSEARCA:SCHX) Hits New 52-Week High – Should You Buy?

Schwab US Large-Cap ETF (NYSEARCA:SCHX) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $27.27 and last traded at $27.2650, with a volume of 3406375 shares trading hands. The stock had previously closed at $27.17.

Schwab US Large-Cap ETF Price Performance

The business’s 50-day simple moving average is $26.72 and its 200-day simple moving average is $25.76. The company has a market cap of $63.26 billion, a price-to-earnings ratio of 25.66 and a beta of 1.01.

Institutional Investors Weigh In On Schwab US Large-Cap ETF

Institutional investors have recently modified their holdings of the stock. Corient Private Wealth LLC lifted its stake in shares of Schwab US Large-Cap ETF by 163.9% in the second quarter. Corient Private Wealth LLC now owns 12,518,206 shares of the company’s stock valued at $306,087,000 after buying an additional 7,775,179 shares during the period. Vantagepoint Investment Advisers LLC bought a new stake in Schwab US Large-Cap ETF during the 3rd quarter worth about $199,988,000. Betterment LLC increased its stake in shares of Schwab US Large-Cap ETF by 119.6% in the 1st quarter. Betterment LLC now owns 13,225,086 shares of the company’s stock valued at $292,010,000 after buying an additional 7,201,786 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in Schwab US Large-Cap ETF by 13.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 27,821,337 shares of the company’s stock worth $679,953,000 after purchasing an additional 3,342,325 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in Schwab US Large-Cap ETF by 17.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 19,566,506 shares of the company’s stock worth $484,662,000 after acquiring an additional 2,942,434 shares during the period.

Schwab US Large-Cap ETF Company Profile

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.