Raymond James Financial Inc. Takes $14.41 Million Position in Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV)

Raymond James Financial Inc. bought a new position in shares of Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 552,791 shares of the company’s stock, valued at approximately $14,411,000. Raymond James Financial Inc. owned about 0.38% of Schwab U.S. Large-Cap Value ETF as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hollencrest Capital Management grew its position in shares of Schwab U.S. Large-Cap Value ETF by 200.0% in the 4th quarter. Hollencrest Capital Management now owns 996 shares of the company’s stock valued at $26,000 after buying an additional 664 shares during the last quarter. First PREMIER Bank lifted its holdings in shares of Schwab U.S. Large-Cap Value ETF by 200.0% in the 4th quarter. First PREMIER Bank now owns 1,035 shares of the company’s stock valued at $27,000 after purchasing an additional 690 shares during the last quarter. Ritter Daniher Financial Advisory LLC DE boosted its position in shares of Schwab U.S. Large-Cap Value ETF by 200.0% in the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,161 shares of the company’s stock valued at $30,000 after purchasing an additional 774 shares during the period. Jackson Hole Capital Partners LLC increased its position in Schwab U.S. Large-Cap Value ETF by 200.0% during the fourth quarter. Jackson Hole Capital Partners LLC now owns 1,170 shares of the company’s stock worth $31,000 after buying an additional 780 shares during the period. Finally, Tidemark LLC lifted its stake in Schwab U.S. Large-Cap Value ETF by 200.0% in the fourth quarter. Tidemark LLC now owns 1,200 shares of the company’s stock valued at $31,000 after buying an additional 800 shares during the last quarter.

Schwab U.S. Large-Cap Value ETF Trading Down 1.8 %

Shares of SCHV opened at $24.53 on Tuesday. The company’s 50 day simple moving average is $26.21 and its 200-day simple moving average is $26.68. The firm has a market cap of $11.07 billion, a PE ratio of 18.92 and a beta of 0.89. Schwab U.S. Large-Cap Value ETF has a 12-month low of $23.08 and a 12-month high of $28.19.

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

The business also recently disclosed 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 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.