Summit Financial LLC Cuts Holdings in Schwab U.S. Large-Cap Value ETF $SCHV

Summit Financial LLC reduced its position in Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) by 78.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,089 shares of the company’s stock after selling 150,811 shares during the quarter. Summit Financial LLC’s holdings in Schwab U.S. Large-Cap Value ETF were worth $1,119,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ameriflex Group Inc. purchased a new position in Schwab U.S. Large-Cap Value ETF in the fourth quarter worth $25,000. Guardian Wealth Advisors LLC NC grew its holdings in Schwab U.S. Large-Cap Value ETF by 200.0% in the fourth quarter. Guardian Wealth Advisors LLC NC now owns 1,044 shares of the company’s stock worth $27,000 after purchasing an additional 696 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new position in Schwab U.S. Large-Cap Value ETF in the first quarter worth $27,000. Dagco Inc. purchased a new position in Schwab U.S. Large-Cap Value ETF in the first quarter worth $28,000. Finally, Kessler Investment Group LLC purchased a new position in Schwab U.S. Large-Cap Value ETF in the first quarter worth $29,000.

Schwab U.S. Large-Cap Value ETF Trading Up 1.4%

NYSEARCA SCHV opened at $28.79 on Friday. The firm’s fifty day simple moving average is $27.93 and its two-hundred day simple moving average is $26.92. Schwab U.S. Large-Cap Value ETF has a 12-month low of $23.08 and a 12-month high of $28.88. The firm has a market capitalization of $13.18 billion, a P/E ratio of 19.08 and a beta of 0.94.

Schwab U.S. Large-Cap Value ETF 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.