Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) Reaches New 1-Year High – Time to 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 Price Performance

The stock has a market capitalization of $4.01 billion, a P/E ratio of 17.88 and a beta of 0.77. The stock’s 50-day simple moving average is $26.90 and its 200 day simple moving average is $25.80.

Hedge Funds Weigh In On Schwab U.S. Large-Cap Value ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SCHV. Capital Insight Partners LLC boosted its holdings in shares of Schwab U.S. Large-Cap Value ETF by 1.5% in the 3rd quarter. Capital Insight Partners LLC now owns 9,061 shares of the company’s stock valued at $728,000 after purchasing an additional 131 shares in the last quarter. Centaurus Financial Inc. increased its position in Schwab U.S. Large-Cap Value ETF by 5.8% during the 2nd quarter. Centaurus Financial Inc. now owns 2,573 shares of the company’s stock worth $191,000 after purchasing an additional 140 shares in the last quarter. Whitener Capital Management Inc. lifted its stake in Schwab U.S. Large-Cap Value ETF by 1.2% in the 2nd quarter. Whitener Capital Management Inc. now owns 12,984 shares of the company’s stock valued at $962,000 after purchasing an additional 157 shares during the last quarter. Asset Dedication LLC boosted its position in Schwab U.S. Large-Cap Value ETF by 0.5% in the second quarter. Asset Dedication LLC now owns 32,309 shares of the company’s stock valued at $2,393,000 after buying an additional 157 shares in the last quarter. Finally, Brighton Jones LLC grew its stake in shares of Schwab U.S. Large-Cap Value ETF by 1.7% during the second quarter. Brighton Jones LLC now owns 9,543 shares of the company’s stock worth $707,000 after buying an additional 158 shares during the last quarter.

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.