Schwab US Large-Cap ETF (NYSEARCA:SCHX) Hits New 12-Month High – Here’s Why

Schwab US Large-Cap ETF (NYSEARCA:SCHX)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $24.31 and last traded at $24.28, with a volume of 6806367 shares traded. The stock had previously closed at $24.26.

Schwab US Large-Cap ETF Trading Up 0.1 %

The firm has a market cap of $15.83 billion, a P/E ratio of 26.53 and a beta of 1.02. The business’s fifty day simple moving average is $23.71 and its 200-day simple moving average is $23.00.

Institutional Investors Weigh In On Schwab US Large-Cap ETF

A number of large investors have recently added to or reduced their stakes in the company. Concourse Financial Group Securities Inc. lifted its position in Schwab US Large-Cap ETF by 224.3% during the 3rd quarter. Concourse Financial Group Securities Inc. now owns 373 shares of the company’s stock valued at $25,000 after acquiring an additional 258 shares during the period. McClarren Financial Advisors Inc. purchased a new position in Schwab US Large-Cap ETF in the fourth quarter worth about $25,000. Prudent Man Investment Management Inc. purchased a new position in shares of Schwab US Large-Cap ETF during the fourth quarter valued at approximately $26,000. Versant Capital Management Inc raised its holdings in shares of Schwab US Large-Cap ETF by 201.0% during the fourth quarter. Versant Capital Management Inc now owns 1,261 shares of the company’s stock valued at $29,000 after purchasing an additional 842 shares during the last quarter. Finally, IFS Advisors LLC purchased a new position in shares of Schwab US Large-Cap ETF during the fourth quarter valued at approximately $30,000.

Schwab US Large-Cap ETF Company Profile

Schwab U.S. Large-Cap ETF (the Fund) goal is to track the total return of the Dow Jones U.S. Large-Cap Total Stock Market Index (the Index). The Fund’s index includes the large-cap portion of the Dow Jones U.S. Total Stock Market Index available to investors in the marketplace. The Dow Jones U.S. Large-Cap Total Stock Market Index includes the components ranked 1-750 by full market capitalization.