Schwab US Large-Cap ETF (NYSEARCA:SCHX) saw its stock price reach a new 52-week high on Thursday, hitting $66.34 before closing at $66.29. This marks a 0.7% increase in the stock price. With a market cap of $43.16 billion, a PE ratio of 26.53, and a beta of 1.02, Schwab US Large-Cap ETF has been performing well in the market.
Institutional trading of Schwab US Large-Cap ETF has also seen some interesting developments. Several hedge funds and institutional investors have made changes to their positions in SCHX. For example, GAMMA Investing LLC increased its holdings by 139.8% in the first quarter. Pineridge Advisors LLC and Able Wealth Management LLC have also acquired stakes in the company. Overall, institutional interest in Schwab US Large-Cap ETF seems to be on the rise.
Schwab U.S. Large-Cap ETF aims to track the total return of the Dow Jones U.S. Large-Cap Total Stock Market Index. This index includes the large-cap portion of the Dow Jones U.S. Total Stock Market Index, providing investors with exposure to the top 750 components by full market capitalization.
Overall, Schwab US Large-Cap ETF’s performance and institutional interest indicate a positive outlook for the company. Investors may want to keep an eye on this stock as it continues to reach new highs.