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

Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) reached a new 52-week high on Wednesday . The company traded as high as $35.15 and last traded at $35.06, with a volume of 55314 shares traded. The stock had previously closed at $34.91.

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

The firm has a 50 day moving average of $34.32 and a 200-day moving average of $32.68. The company has a market cap of $16.20 billion, a P/E ratio of 19.08 and a beta of 0.83.

Schwab U.S. Large-Cap Value ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Wednesday, June 24th were issued a $0.1566 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.8%. This is a boost from Schwab U.S. Large-Cap Value ETF’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Wednesday, June 24th.

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

Several institutional investors have recently bought and sold shares of SCHV. Valpey Financial Services LLC lifted its stake in Schwab U.S. Large-Cap Value ETF by 2,913.4% in the 4th quarter. Valpey Financial Services LLC now owns 6,251,249 shares of the company’s stock worth $185,099,000 after purchasing an additional 6,043,804 shares in the last quarter. Wellington Management Group LLP purchased a new position in shares of Schwab U.S. Large-Cap Value ETF during the third quarter valued at about $68,742,000. TSG Advice Partners LLC purchased a new position in shares of Schwab U.S. Large-Cap Value ETF during the first quarter valued at about $30,871,000. World Investment Advisors increased its holdings in shares of Schwab U.S. Large-Cap Value ETF by 101.6% in the first quarter. World Investment Advisors now owns 1,977,398 shares of the company’s stock worth $60,311,000 after purchasing an additional 996,424 shares during the last quarter. Finally, Global Retirement Partners LLC increased its holdings in shares of Schwab U.S. Large-Cap Value ETF by 922.2% in the fourth quarter. Global Retirement Partners LLC now owns 875,261 shares of the company’s stock worth $25,916,000 after purchasing an additional 789,636 shares during the last quarter.

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.