Summit Asset Management LLC Buys 748,386 Shares of Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV)

Summit Asset Management LLC raised its stake in Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) by 271.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,024,087 shares of the company’s stock after buying an additional 748,386 shares during the period. Schwab U.S. Large-Cap Value ETF makes up 4.7% of Summit Asset Management LLC’s investment portfolio, making the stock its 6th biggest position. Summit Asset Management LLC’s holdings in Schwab U.S. Large-Cap Value ETF were worth $26,698,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Mather Group LLC. raised its stake in Schwab U.S. Large-Cap Value ETF by 197.4% during the fourth quarter. Mather Group LLC. now owns 31,961,534 shares of the company’s stock worth $833,237,000 after buying an additional 21,215,739 shares during the last quarter. Gemmer Asset Management LLC raised its stake in Schwab U.S. Large-Cap Value ETF by 206.9% during the fourth quarter. Gemmer Asset Management LLC now owns 4,188,511 shares of the company’s stock worth $109,194,000 after buying an additional 2,823,773 shares during the last quarter. Savant Capital LLC increased its stake in Schwab U.S. Large-Cap Value ETF by 187.3% in the fourth quarter. Savant Capital LLC now owns 3,456,606 shares of the company’s stock valued at $90,114,000 after purchasing an additional 2,253,597 shares in the last quarter. Rainey & Randall Wealth Advisors Inc. increased its stake in Schwab U.S. Large-Cap Value ETF by 212.4% in the fourth quarter. Rainey & Randall Wealth Advisors Inc. now owns 2,877,420 shares of the company’s stock valued at $75,014,000 after purchasing an additional 1,956,262 shares in the last quarter. Finally, Mokosak Advisory Group LLC increased its stake in Schwab U.S. Large-Cap Value ETF by 201.5% in the fourth quarter. Mokosak Advisory Group LLC now owns 2,796,842 shares of the company’s stock valued at $72,914,000 after purchasing an additional 1,869,197 shares in the last quarter.

Schwab U.S. Large-Cap Value ETF Trading Down 0.9 %

SCHV opened at $27.24 on Friday. Schwab U.S. Large-Cap Value ETF has a 1-year low of $23.84 and a 1-year high of $28.19. The company has a market cap of $3.93 billion, a P/E ratio of 17.88 and a beta of 0.77. The company has a fifty day moving average price of $26.72 and a two-hundred day moving average price of $26.70.

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.