NewEdge Wealth LLC Reduces Stock Position in Schwab U.S. Large-Cap Value ETF $SCHV

NewEdge Wealth LLC decreased its position in Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) by 21.6% in the 1st quarter, HoldingsChannel reports. The firm owned 94,496 shares of the company’s stock after selling 25,970 shares during the period. NewEdge Wealth LLC’s holdings in Schwab U.S. Large-Cap Value ETF were worth $2,882,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. JPL Wealth Management LLC acquired a new stake in shares of Schwab U.S. Large-Cap Value ETF during the 3rd quarter worth about $26,000. Laurel Wealth Advisors LLC purchased a new stake in shares of Schwab U.S. Large-Cap Value ETF during the fourth quarter worth about $27,000. Ascentis Independent Advisors purchased a new stake in shares of Schwab U.S. Large-Cap Value ETF during the first quarter worth about $32,000. IFC & Insurance Marketing Inc. acquired a new position in shares of Schwab U.S. Large-Cap Value ETF in the fourth quarter valued at approximately $38,000. Finally, Strategic Wealth Advisors LLC raised its position in shares of Schwab U.S. Large-Cap Value ETF by 95.6% in the first quarter. Strategic Wealth Advisors LLC now owns 1,526 shares of the company’s stock valued at $46,000 after buying an additional 746 shares during the last quarter.

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

Shares of SCHV opened at $34.24 on Friday. The company has a market capitalization of $15.77 billion, a price-to-earnings ratio of 19.08 and a beta of 0.82. The company’s 50 day simple moving average is $34.03 and its 200 day simple moving average is $32.35. Schwab U.S. Large-Cap Value ETF has a 1 year low of $27.39 and a 1 year high of $35.05.

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.