Summit Financial LLC Acquires 207,118 Shares of Schwab US Large-Cap ETF (NYSEARCA:SCHX)

Summit Financial LLC lifted its holdings in Schwab US Large-Cap ETF (NYSEARCA:SCHX) by 331.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 269,602 shares of the company’s stock after acquiring an additional 207,118 shares during the period. Summit Financial LLC’s holdings in Schwab US Large-Cap ETF were worth $6,249,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Total Investment Management Inc. grew its position in shares of Schwab US Large-Cap ETF by 200.6% during the 4th quarter. Total Investment Management Inc. now owns 13,510 shares of the company’s stock worth $313,000 after purchasing an additional 9,016 shares in the last quarter. Keystone Wealth Services LLC grew its position in Schwab US Large-Cap ETF by 200.4% during the fourth quarter. Keystone Wealth Services LLC now owns 34,854 shares of the company’s stock worth $808,000 after buying an additional 23,252 shares in the last quarter. Brass Tax Wealth Management Inc. bought a new position in Schwab US Large-Cap ETF during the 3rd quarter worth $3,040,000. B. Riley Wealth Advisors Inc. raised its holdings in Schwab US Large-Cap ETF by 4.8% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 110,984 shares of the company’s stock valued at $7,469,000 after acquiring an additional 5,035 shares in the last quarter. Finally, Pure Portfolios Holdings LLC lifted its position in shares of Schwab US Large-Cap ETF by 201.1% during the 4th quarter. Pure Portfolios Holdings LLC now owns 1,408,552 shares of the company’s stock valued at $32,650,000 after acquiring an additional 940,747 shares during the period.

Schwab US Large-Cap ETF Stock Performance

Shares of NYSEARCA SCHX opened at $21.96 on Monday. Schwab US Large-Cap ETF has a 52 week low of $19.50 and a 52 week high of $24.31. The stock’s fifty day moving average is $23.32 and its 200 day moving average is $23.23. The stock has a market capitalization of $49.63 billion, a P/E ratio of 24.34 and a beta of 1.03.

Schwab US Large-Cap ETF Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th will be given a $0.0668 dividend. The ex-dividend date of this dividend is Wednesday, March 26th.

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.