Schwab U.S. Large-Cap Value ETF Stock Scheduled to Split on Friday, October 11th (NYSEARCA:SCHV)

Shares of Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) are set to split on the morning of Friday, October 11th. The 3-1 split was announced on Wednesday, September 25th. The newly issued shares will be issued to shareholders after the closing bell on Thursday, October 10th.

Schwab U.S. Large-Cap Value ETF Trading Up 0.2 %

NYSEARCA SCHV opened at $79.83 on Wednesday. Schwab U.S. Large-Cap Value ETF has a 52 week low of $60.99 and a 52 week high of $80.54. The stock has a market cap of $11.53 billion, a price-to-earnings ratio of 17.88 and a beta of 0.77. The company has a 50-day moving average price of $78.07 and a two-hundred day moving average price of $75.79.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Sei Investments Co. lifted its stake in shares of Schwab U.S. Large-Cap Value ETF by 5.1% in the 2nd quarter. Sei Investments Co. now owns 11,499,907 shares of the company’s stock worth $851,913,000 after acquiring an additional 553,600 shares during the period. Mather Group LLC. lifted its stake in Schwab U.S. Large-Cap Value ETF by 6.0% during the second quarter. Mather Group LLC. now owns 11,127,954 shares of the company’s stock valued at $845,502,000 after purchasing an additional 628,056 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Schwab U.S. Large-Cap Value ETF by 10.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 4,023,662 shares of the company’s stock valued at $298,073,000 after acquiring an additional 382,380 shares in the last quarter. Gemmer Asset Management LLC lifted its position in shares of Schwab U.S. Large-Cap Value ETF by 4.0% in the 2nd quarter. Gemmer Asset Management LLC now owns 1,337,883 shares of the company’s stock valued at $99,110,000 after acquiring an additional 51,758 shares in the last quarter. Finally, LPL Financial LLC lifted its position in shares of Schwab U.S. Large-Cap Value ETF by 0.4% in the 2nd quarter. LPL Financial LLC now owns 1,084,738 shares of the company’s stock valued at $80,357,000 after acquiring an additional 4,493 shares in 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.