Shares of Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) saw unusually-strong trading volume on Friday . Approximately 5,056,624 shares were traded during mid-day trading, an increase of 231% from the previous session’s volume of 1,528,416 shares.The stock last traded at $51.00 and had previously closed at $50.87.
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 17th. Investors of record on Thursday, December 13th were issued a $0.4071 dividend. This is an increase from Schwab U.S. Large-Cap Value ETF’s previous quarterly dividend of $0.40. This represents a $1.63 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend was Wednesday, December 12th.
Institutional investors have recently made changes to their positions in the business. Tortoise Investment Management LLC raised its holdings in Schwab U.S. Large-Cap Value ETF by 23.7% in the third quarter. Tortoise Investment Management LLC now owns 1,410 shares of the company’s stock worth $79,000 after purchasing an additional 270 shares in the last quarter. Centaurus Financial Inc. bought a new position in Schwab U.S. Large-Cap Value ETF in the second quarter worth about $128,000. PNC Financial Services Group Inc. raised its holdings in Schwab U.S. Large-Cap Value ETF by 89.6% in the second quarter. PNC Financial Services Group Inc. now owns 2,960 shares of the company’s stock worth $157,000 after purchasing an additional 1,399 shares in the last quarter. Proequities Inc. bought a new position in Schwab U.S. Large-Cap Value ETF in the third quarter worth about $169,000. Finally, Csenge Advisory Group purchased a new stake in shares of Schwab U.S. Large-Cap Value ETF during the third quarter worth about $180,000.
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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.
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