Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) Reaches New 12-Month High – Still a Buy?

Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $29.48 and last traded at $29.4650, with a volume of 3161290 shares. The stock had previously closed at $29.17.

Schwab U.S. Large-Cap Value ETF Trading Up 1.0%

The firm’s 50-day simple moving average is $28.99 and its two-hundred day simple moving average is $28.22. The stock has a market capitalization of $13.94 billion, a PE ratio of 19.08 and a beta of 0.90.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in SCHV. LPL Financial LLC grew its holdings in Schwab U.S. Large-Cap Value ETF by 0.8% in the 1st quarter. LPL Financial LLC now owns 3,523,715 shares of the company’s stock valued at $93,660,000 after buying an additional 28,552 shares during the last quarter. Courage Miller Partners LLC lifted its holdings in shares of Schwab U.S. Large-Cap Value ETF by 2.1% during the second quarter. Courage Miller Partners LLC now owns 274,001 shares of the company’s stock worth $7,582,000 after buying an additional 5,727 shares during the last quarter. M3 Advisory Group LLC boosted its position in shares of Schwab U.S. Large-Cap Value ETF by 1.5% in the second quarter. M3 Advisory Group LLC now owns 92,987 shares of the company’s stock valued at $2,573,000 after acquiring an additional 1,377 shares during the period. Allworth Financial LP grew its stake in shares of Schwab U.S. Large-Cap Value ETF by 5.2% in the second quarter. Allworth Financial LP now owns 436,697 shares of the company’s stock worth $12,083,000 after acquiring an additional 21,765 shares during the last quarter. Finally, Sovereign Financial Group Inc. increased its position in Schwab U.S. Large-Cap Value ETF by 6.5% during the second quarter. Sovereign Financial Group Inc. now owns 20,857 shares of the company’s stock worth $577,000 after acquiring an additional 1,276 shares during the period.

Schwab U.S. Large-Cap Value ETF Company 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.