Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) Hits New 12-Month High – Still a Buy?

Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) shares reached a new 52-week high on Friday . The company traded as high as $27.79 and last traded at $27.79, with a volume of 47943 shares changing hands. The stock had previously closed at $27.58.

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

The firm’s fifty day moving average is $26.93 and its 200-day moving average is $25.83. The company has a market capitalization of $4.01 billion, a P/E ratio of 17.88 and a beta of 0.77.

Institutional Trading of Schwab U.S. Large-Cap Value ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Tidemark LLC bought a new stake in shares of Schwab U.S. Large-Cap Value ETF during the third quarter worth about $32,000. Olistico Wealth LLC acquired a new position in Schwab U.S. Large-Cap Value ETF in the 2nd quarter valued at approximately $36,000. Ridgewood Investments LLC bought a new position in shares of Schwab U.S. Large-Cap Value ETF during the second quarter valued at $39,000. Valley National Advisers Inc. lifted its holdings in shares of Schwab U.S. Large-Cap Value ETF by 138.8% during the second quarter. Valley National Advisers Inc. now owns 597 shares of the company’s stock worth $44,000 after purchasing an additional 347 shares during the period. Finally, Farmers & Merchants Investments Inc. bought a new stake in shares of Schwab U.S. Large-Cap Value ETF in the second quarter worth $49,000.

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.