Schwab US Large-Cap ETF (NYSEARCA:SCHX) Hits New 52-Week High – What’s Next?

Schwab US Large-Cap ETF (NYSEARCA:SCHX) hit a new 52-week high during mid-day trading on Tuesday. The company traded as high as $30.79 and last traded at $30.7750, with a volume of 1513945 shares changing hands. The stock had previously closed at $30.54.

Schwab US Large-Cap ETF Stock Performance

The stock’s fifty day simple moving average is $30.17 and its two-hundred day simple moving average is $29.03. The stock has a market capitalization of $75.58 billion, a P/E ratio of 25.66 and a beta of 1.01.

Institutional Trading of Schwab US Large-Cap ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Revisor Wealth Management LLC boosted its holdings in Schwab US Large-Cap ETF by 0.7% in the first quarter. Revisor Wealth Management LLC now owns 54,692 shares of the company’s stock valued at $1,402,000 after acquiring an additional 377 shares during the last quarter. Carmel Capital Partners LLC increased its stake in Schwab US Large-Cap ETF by 2.0% during the first quarter. Carmel Capital Partners LLC now owns 20,088 shares of the company’s stock worth $515,000 after acquiring an additional 385 shares during the last quarter. Praetorian Wealth Management Inc. raised its holdings in shares of Schwab US Large-Cap ETF by 1.1% in the 2nd quarter. Praetorian Wealth Management Inc. now owns 35,798 shares of the company’s stock worth $1,054,000 after purchasing an additional 385 shares during the period. Capital Advantage Inc. raised its holdings in shares of Schwab US Large-Cap ETF by 0.4% in the 2nd quarter. Capital Advantage Inc. now owns 90,216 shares of the company’s stock worth $2,655,000 after purchasing an additional 386 shares during the period. Finally, Cherry Tree Wealth Management LLC lifted its stake in shares of Schwab US Large-Cap ETF by 0.6% in the 2nd quarter. Cherry Tree Wealth Management LLC now owns 72,572 shares of the company’s stock valued at $2,136,000 after purchasing an additional 398 shares in the last quarter.

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.