Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) Reaches New 52-Week High – Should You Buy?

Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV)’s share price hit a new 52-week high on Wednesday . The company traded as high as $35.15 and last traded at $35.06, with a volume of 55314 shares changing hands. The stock had previously closed at $34.91.

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

The firm has a market cap of $16.20 billion, a P/E ratio of 19.08 and a beta of 0.83. The business’s 50-day simple moving average is $34.32 and its 200 day simple moving average is $32.68.

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

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Wednesday, June 24th were issued a $0.1566 dividend. The ex-dividend date of this dividend was Wednesday, June 24th. This is an increase from Schwab U.S. Large-Cap Value ETF’s previous quarterly dividend of $0.14. This represents a $0.63 annualized dividend and a dividend yield of 1.8%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Valpey Financial Services LLC increased its holdings in Schwab U.S. Large-Cap Value ETF by 2,913.4% in the 4th quarter. Valpey Financial Services LLC now owns 6,251,249 shares of the company’s stock worth $185,099,000 after acquiring an additional 6,043,804 shares in the last quarter. Wellington Management Group LLP bought a new position in shares of Schwab U.S. Large-Cap Value ETF in the third quarter worth approximately $68,742,000. TSG Advice Partners LLC purchased a new stake in shares of Schwab U.S. Large-Cap Value ETF in the first quarter worth $30,871,000. World Investment Advisors lifted its stake in shares of Schwab U.S. Large-Cap Value ETF by 101.6% during the 1st quarter. World Investment Advisors now owns 1,977,398 shares of the company’s stock valued at $60,311,000 after buying an additional 996,424 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its holdings in Schwab U.S. Large-Cap Value ETF by 922.2% in the 4th quarter. Global Retirement Partners LLC now owns 875,261 shares of the company’s stock worth $25,916,000 after buying an additional 789,636 shares during the period.

About Schwab U.S. Large-Cap Value ETF

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.