Wealthspire Advisors LLC Sells 521 Shares of Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV)

Wealthspire Advisors LLC recently reduced its holdings in Schwab U.S. Large-Cap Value ETF by 4.3% during the 1st quarter, according to the firm’s latest Form 13F filing with the Securities & Exchange Commission. The company sold 521 shares, leaving them with 11,519 shares valued at $875,000 at the end of the quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brown Wealth Management LLC increased its holdings by 0.9% in the fourth quarter, Nadler Financial Group Inc. by 47.5%, Watershed Private Wealth LLC by 106.0%, Mokosak Advisory Group LLC by 2.9%, and RWA Wealth Partners LLC by 184.6%.

Schwab U.S. Large-Cap Value ETF saw a 0.6% increase in trading, with an opening price of $75.87 on Friday. The stock’s 50-day moving average is $74.56, with a two-hundred day moving average of $73.05. The company has a market capitalization of $10.96 billion, a price-to-earnings ratio of 17.88, and a beta of 0.77. The ETF has ranged from $60.99 to $76.28 in the past year.

The goal of 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 consists of the large-cap value portion of the Dow Jones U.S. Total Stock Market Index available to investors in the marketplace.

DailyBubble believes that the recent changes in holdings by institutional investors and hedge funds, coupled with the slight increase in trading, indicate a growing interest in Schwab U.S. Large-Cap Value ETF. This may be a good time for investors to keep an eye on this ETF for potential opportunities.