Envestnet Asset Management Inc. Acquires 11,074,601 Shares of Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV)

Envestnet Asset Management Inc. increased its stake in Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) by 228.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,926,683 shares of the company’s stock after purchasing an additional 11,074,601 shares during the period. Envestnet Asset Management Inc. owned approximately 0.11% of Schwab U.S. Large-Cap Value ETF worth $415,209,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of SCHV. Financial Engines Advisors L.L.C. boosted its holdings in shares of Schwab U.S. Large-Cap Value ETF by 184.2% in the 4th 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 in the last quarter. Sei Investments Co. raised 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 valued at $1,014,504,000 after buying an additional 26,780,137 shares in the last quarter. Mather Group LLC. lifted its position in Schwab U.S. Large-Cap Value ETF by 197.4% in 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 last quarter. Avantax Planning Partners Inc. boosted its stake in Schwab U.S. Large-Cap Value ETF by 200.2% in the fourth quarter. Avantax Planning Partners Inc. now owns 9,927,842 shares of the company’s stock worth $258,819,000 after buying an additional 6,621,242 shares in the last quarter. Finally, Gemmer Asset Management LLC grew its position in Schwab U.S. Large-Cap Value ETF by 206.9% during the fourth quarter. Gemmer Asset Management LLC now owns 4,188,511 shares of the company’s stock valued at $109,194,000 after acquiring an additional 2,823,773 shares during the last quarter.

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

Shares of SCHV opened at $24.10 on Friday. Schwab U.S. Large-Cap Value ETF has a fifty-two week low of $23.84 and a fifty-two week high of $28.19. The firm has a market cap of $10.76 billion, a price-to-earnings ratio of 19.30 and a beta of 0.89. The firm has a 50 day moving average price of $26.87 and a 200-day moving average price of $26.87.

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

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