Schwab US Large-Cap ETF (NYSEARCA:SCHX) Hits New 12-Month High – Still a Buy?

Schwab US Large-Cap ETF (NYSEARCA:SCHX) reached a new 52-week high during trading on Thursday . The company traded as high as $28.24 and last traded at $28.23, with a volume of 9784899 shares changing hands. The stock had previously closed at $28.02.

Schwab US Large-Cap ETF Stock Performance

The stock’s 50-day moving average is $26.74 and its 200 day moving average is $26.86. The stock has a market capitalization of $68.18 billion, a PE ratio of 25.66 and a beta of 1.01.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Fortis Capital Advisors LLC grew its position in Schwab US Large-Cap ETF by 4.0% during the 3rd quarter. Fortis Capital Advisors LLC now owns 1,370,889 shares of the company’s stock worth $36,109,000 after purchasing an additional 53,242 shares during the last quarter. GEN Financial Management INC. grew its position in Schwab US Large-Cap ETF by 24.5% during the 4th quarter. GEN Financial Management INC. now owns 895,830 shares of the company’s stock worth $24,107,000 after purchasing an additional 176,498 shares during the last quarter. Clayton Financial Group LLC grew its position in Schwab US Large-Cap ETF by 154.6% during the 4th quarter. Clayton Financial Group LLC now owns 49,587 shares of the company’s stock worth $1,334,000 after purchasing an additional 30,112 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in shares of Schwab US Large-Cap ETF by 5.1% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,130,533 shares of the company’s stock valued at $30,423,000 after purchasing an additional 55,088 shares during the last quarter. Finally, Fortis Capital Management LLC grew its stake in shares of Schwab US Large-Cap ETF by 5.1% in the 3rd quarter. Fortis Capital Management LLC now owns 1,264,795 shares of the company’s stock valued at $33,315,000 after purchasing an additional 61,505 shares during the last quarter.

About Schwab US Large-Cap ETF

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.