Schwab US Large-Cap ETF (NYSEARCA:SCHX) Sets New 12-Month High – Here’s Why

Schwab US Large-Cap ETF (NYSEARCA:SCHX)’s share price reached a new 52-week high on Thursday . The stock traded as high as $30.66 and last traded at $30.66, with a volume of 338144 shares changing hands. The stock had previously closed at $30.51.

Schwab US Large-Cap ETF Stock Performance

The firm’s 50 day moving average is $29.53 and its two-hundred day moving average is $28.21. The stock has a market capitalization of $74.75 billion, a PE ratio of 25.66 and a beta of 1.00.

Institutional Investors Weigh In On Schwab US Large-Cap ETF

Several hedge funds and other institutional investors have recently bought and sold shares of SCHX. Moneta Group Investment Advisors LLC raised its stake in Schwab US Large-Cap ETF by 3.0% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 35,831,024 shares of the company’s stock valued at $964,213,000 after acquiring an additional 1,051,978 shares during the last quarter. HBK Sorce Advisory LLC grew its position in Schwab US Large-Cap ETF by 1.3% in the 4th quarter. HBK Sorce Advisory LLC now owns 34,479,165 shares of the company’s stock valued at $939,212,000 after buying an additional 437,374 shares during the last quarter. Sei Investments Co. grew its position in Schwab US Large-Cap ETF by 5.0% in the 1st quarter. Sei Investments Co. now owns 32,528,571 shares of the company’s stock valued at $834,033,000 after buying an additional 1,554,760 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Schwab US Large-Cap ETF by 5.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 30,984,972 shares of the company’s stock worth $833,806,000 after acquiring an additional 1,546,669 shares during the period. Finally, Captrust Financial Advisors increased its position in Schwab US Large-Cap ETF by 5.6% during the 4th quarter. Captrust Financial Advisors now owns 19,522,489 shares of the company’s stock worth $525,350,000 after purchasing an additional 1,039,540 shares during the period.

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.