Schwab US Large-Cap ETF (NYSEARCA:SCHX) Hits New 1-Year High – Time to Buy?

Shares of Schwab US Large-Cap ETF (NYSEARCA:SCHX) reached a new 52-week high on Tuesday . The company traded as high as $29.12 and last traded at $29.07, with a volume of 7431003 shares changing hands. The stock had previously closed at $29.00.

Schwab US Large-Cap ETF Stock Up 0.2%

The firm has a market capitalization of $70.10 billion, a PE ratio of 25.66 and a beta of 1.01. The stock’s fifty day simple moving average is $26.94 and its 200 day simple moving average is $26.96.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Moneta Group Investment Advisors LLC boosted its stake in shares of Schwab US Large-Cap ETF by 3.0% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 35,831,024 shares of the company’s stock worth $964,213,000 after acquiring an additional 1,051,978 shares during the last quarter. HBK Sorce Advisory LLC raised its stake in shares of Schwab US Large-Cap ETF by 1.3% in the fourth quarter. HBK Sorce Advisory LLC now owns 34,479,165 shares of the company’s stock worth $939,212,000 after buying an additional 437,374 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of Schwab US Large-Cap ETF by 5.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 30,984,972 shares of the company’s stock worth $833,806,000 after buying an additional 1,546,669 shares during the period. Sage Financial Group Inc. raised its stake in shares of Schwab US Large-Cap ETF by 0.8% in the third quarter. Sage Financial Group Inc. now owns 25,009,642 shares of the company’s stock worth $658,754,000 after buying an additional 199,289 shares during the period. Finally, Captrust Financial Advisors raised its stake in shares of Schwab US Large-Cap ETF by 5.6% in the fourth quarter. Captrust Financial Advisors now owns 19,522,489 shares of the company’s stock worth $525,350,000 after buying an additional 1,039,540 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.