Peapack Gladstone Financial Corp Sells 291 Shares of Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV)

Peapack Gladstone Financial Corp recently reduced its holdings in the Schwab U.S. Large-Cap Value ETF by 3.2% in the fourth quarter, according to the company’s latest 13F filing with the Securities & Exchange Commission. The institutional investor now owns 8,807 shares of the ETF, with a value of $617,000.

Several other hedge funds and institutional investors have also made changes to their positions in the Schwab U.S. Large-Cap Value ETF. Mather Group LLC increased its holdings by 6.9% in the fourth quarter, while Sei Investments Co. and Envestnet Asset Management Inc. saw increases of 5.3% and 8.1% respectively in the third quarter. Mariner LLC and Gemmer Asset Management LLC also grew their stakes in the ETF during the same period.

The Schwab U.S. Large-Cap Value ETF stock opened at $74.58 on Friday, with a market cap of $10.77 billion and a price-to-earnings ratio of 17.88. The ETF has a 50-day simple moving average of $74.08 and a 200-day simple moving average of $71.84, with a 1-year low of $60.99 and a high of $76.13.

The goal of the Schwab U.S. Large-Cap Value ETF is to track the total return of the Dow Jones U.S. Large-Cap Value Total Stock Market Index. This index represents the large-cap value segment of the Dow Jones U.S. Total Stock Market Index.

DailyBubble’s perspective on the Schwab U.S. Large-Cap Value ETF is that it continues to attract interest from institutional investors, reflecting confidence in the ETF’s performance and potential for growth. As the market continues to evolve, the Schwab U.S. Large-Cap Value ETF remains a key player in the large-cap value segment, offering investors exposure to a diversified portfolio of stocks.