Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) Hits New 52-Week High – What’s Next?

Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV)’s share price hit a new 52-week high on Monday . The company traded as high as $30.70 and last traded at $30.67, with a volume of 2462398 shares. The stock had previously closed at $30.62.

Schwab U.S. Large-Cap Value ETF Price Performance

The firm has a market cap of $14.73 billion, a PE ratio of 19.08 and a beta of 0.90. The stock has a 50-day moving average price of $29.49 and a 200 day moving average price of $28.89.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SCHV. Abound Wealth Management boosted its position in shares of Schwab U.S. Large-Cap Value ETF by 993.1% in the second quarter. Abound Wealth Management now owns 951 shares of the company’s stock worth $26,000 after acquiring an additional 864 shares during the last quarter. JPL Wealth Management LLC acquired a new position in shares of Schwab U.S. Large-Cap Value ETF in the 3rd quarter valued at $26,000. First Community Trust NA purchased a new stake in shares of Schwab U.S. Large-Cap Value ETF during the 2nd quarter valued at $33,000. Keener Financial Planning LLC acquired a new stake in shares of Schwab U.S. Large-Cap Value ETF during the 2nd quarter worth $34,000. Finally, Total Investment Management Inc. acquired a new stake in shares of Schwab U.S. Large-Cap Value ETF during the 2nd quarter worth $41,000.

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. Large-Cap Value Total Stock Market Index includes the components ranked 1-750 by full market capitalization and that are classified as value. The Index is a float-adjusted market capitalization weighted index.