Destination Wealth Management Buys New Shares in Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV)

Destination Wealth Management purchased a new position in Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,459 shares of the company’s stock, valued at approximately $278,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Bank of New York Mellon Corp purchased a new position in shares of Schwab U.S. Large-Cap Value ETF during the 2nd quarter worth about $255,000. Founders Financial Securities LLC acquired a new position in shares of Schwab U.S. Large-Cap Value ETF in the 2nd quarter valued at $259,000. Larson Financial Group LLC grew its stake in shares of Schwab U.S. Large-Cap Value ETF by 70.5% during the 2nd quarter. Larson Financial Group LLC now owns 11,629 shares of the company’s stock valued at $861,000 after buying an additional 4,808 shares during the period. Lowery Thomas LLC increased its holdings in shares of Schwab U.S. Large-Cap Value ETF by 1.9% during the 2nd quarter. Lowery Thomas LLC now owns 70,602 shares of the company’s stock worth $5,230,000 after buying an additional 1,319 shares during the last quarter. Finally, Altus Wealth Group LLC raised its position in shares of Schwab U.S. Large-Cap Value ETF by 4.9% in the 2nd quarter. Altus Wealth Group LLC now owns 41,871 shares of the company’s stock worth $3,102,000 after buying an additional 1,941 shares during the period.

Schwab U.S. Large-Cap Value ETF Trading Up 0.5 %

SCHV stock opened at $26.07 on Thursday. The stock has a 50-day moving average price of $27.02 and a two-hundred day moving average price of $26.24. The company has a market cap of $3.76 billion, a PE ratio of 17.88 and a beta of 0.77. Schwab U.S. Large-Cap Value ETF has a 12-month low of $22.84 and a 12-month high of $28.19.

Schwab U.S. Large-Cap Value ETF 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.