Brown Wealth Management LLC Buys 61,167 Shares of Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV)

Brown Wealth Management LLC lifted its stake in shares of Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) by 208.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,497 shares of the company’s stock after acquiring an additional 61,167 shares during the quarter. Schwab U.S. Large-Cap Value ETF makes up 0.8% of Brown Wealth Management LLC’s holdings, making the stock its 27th biggest holding. Brown Wealth Management LLC owned about 0.06% of Schwab U.S. Large-Cap Value ETF worth $2,359,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Financial Engines Advisors L.L.C. grew its stake in Schwab U.S. Large-Cap Value ETF by 184.2% during the fourth quarter. Financial Engines Advisors L.L.C. now owns 55,360,772 shares of the company’s stock worth $1,443,255,000 after purchasing an additional 35,884,431 shares during the period. Sei Investments Co. boosted its holdings in shares of Schwab U.S. Large-Cap Value ETF by 220.7% during the 4th quarter. Sei Investments Co. now owns 38,914,600 shares of the company’s stock worth $1,014,504,000 after buying an additional 26,780,137 shares in the last quarter. Mather Group LLC. grew its position in shares of Schwab U.S. Large-Cap Value ETF by 197.4% during the 4th quarter. Mather Group LLC. now owns 31,961,534 shares of the company’s stock worth $833,237,000 after buying an additional 21,215,739 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Schwab U.S. Large-Cap Value ETF by 228.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 15,926,683 shares of the company’s stock valued at $415,209,000 after acquiring an additional 11,074,601 shares in the last quarter. Finally, Avantax Planning Partners Inc. lifted its position in shares of Schwab U.S. Large-Cap Value ETF by 200.2% during the 4th quarter. Avantax Planning Partners Inc. now owns 9,927,842 shares of the company’s stock valued at $258,819,000 after acquiring an additional 6,621,242 shares during the period.

Schwab U.S. Large-Cap Value ETF Stock Up 1.5 %

Shares of NYSEARCA SCHV opened at $26.19 on Friday. The firm has a market cap of $11.82 billion, a PE ratio of 18.92 and a beta of 0.89. The company’s fifty day simple moving average is $25.89 and its 200 day simple moving average is $26.60. Schwab U.S. Large-Cap Value ETF has a 12-month low of $23.08 and a 12-month high of $28.19.

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

The business also recently disclosed a dividend, which was paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th were given a dividend of $0.1412 per share. The ex-dividend date of this dividend was Wednesday, March 26th.

Schwab U.S. Large-Cap Value ETF Company 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.