Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) Hits New 1-Year High – Time to Buy?

Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $27.39 and last traded at $27.38, with a volume of 8997 shares changing hands. The stock had previously closed at $26.72.

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

The firm’s 50-day moving average price is $26.65 and its 200 day moving average price is $25.60. The firm has a market capitalization of $3.97 billion, a price-to-earnings 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 added to or reduced their stakes in SCHV. Hart & Patterson Financial Group LLC grew its holdings in shares of Schwab U.S. Large-Cap Value ETF by 15.0% during the second quarter. Hart & Patterson Financial Group LLC now owns 33,663 shares of the company’s stock worth $2,494,000 after buying an additional 4,391 shares in the last quarter. Glass Jacobson Investment Advisors llc grew its stake in Schwab U.S. Large-Cap Value ETF by 8.7% in the 2nd quarter. Glass Jacobson Investment Advisors llc now owns 29,319 shares of the company’s stock worth $2,172,000 after acquiring an additional 2,336 shares during the period. AE Wealth Management LLC raised its holdings in Schwab U.S. Large-Cap Value ETF by 4.7% in the 2nd quarter. AE Wealth Management LLC now owns 13,788 shares of the company’s stock valued at $1,021,000 after acquiring an additional 620 shares during the last quarter. Strategic Financial Concepts LLC purchased a new position in shares of Schwab U.S. Large-Cap Value ETF during the 2nd quarter worth $6,688,000. Finally, Sei Investments Co. lifted its stake in shares of Schwab U.S. Large-Cap Value ETF by 5.1% during the 2nd quarter. Sei Investments Co. now owns 11,499,907 shares of the company’s stock worth $851,913,000 after purchasing an additional 553,600 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.