Raymond James Financial Inc. Makes New Investment in Schwab US Large-Cap ETF (NYSEARCA:SCHX)

Raymond James Financial Inc. acquired a new stake in shares of Schwab US Large-Cap ETF (NYSEARCA:SCHX) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,203,974 shares of the company’s stock, valued at approximately $51,088,000. Raymond James Financial Inc. owned about 0.34% of Schwab US Large-Cap ETF as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the stock. McClarren Financial Advisors Inc. bought a new position in Schwab US Large-Cap ETF in the 4th quarter worth approximately $25,000. Prudent Man Investment Management Inc. acquired a new position in Schwab US Large-Cap ETF during the 4th quarter valued at $26,000. Versant Capital Management Inc boosted its holdings in Schwab US Large-Cap ETF by 201.0% in the 4th quarter. Versant Capital Management Inc now owns 1,261 shares of the company’s stock valued at $29,000 after purchasing an additional 842 shares during the period. Princeton Global Asset Management LLC increased its holdings in shares of Schwab US Large-Cap ETF by 200.7% during the 4th quarter. Princeton Global Asset Management LLC now owns 1,299 shares of the company’s stock worth $30,000 after purchasing an additional 867 shares during the period. Finally, IFS Advisors LLC bought a new stake in shares of Schwab US Large-Cap ETF in the fourth quarter valued at about $30,000.

Schwab US Large-Cap ETF Stock Up 0.9 %

Schwab US Large-Cap ETF stock opened at $21.26 on Tuesday. The business has a 50 day moving average price of $22.55 and a two-hundred day moving average price of $23.10. Schwab US Large-Cap ETF has a 12 month low of $19.00 and a 12 month high of $24.31. The stock has a market cap of $48.05 billion, a price-to-earnings ratio of 24.34 and a beta of 1.03.

Schwab US Large-Cap ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, March 31st. Investors of record on Wednesday, March 26th were paid a $0.0668 dividend. The ex-dividend date was 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.