Schwab US Large-Cap ETF (NYSEARCA:SCHX) Sees Unusually-High Trading Volume – Still a Buy?

Schwab US Large-Cap ETF (NYSEARCA:SCHX) shares saw unusually-strong trading volume on Friday . Approximately 15,740,383 shares changed hands during mid-day trading, an increase of 187% from the previous session’s volume of 5,476,493 shares.The stock last traded at $22.97 and had previously closed at $22.86.

Schwab US Large-Cap ETF Trading Up 0.3 %

The firm has a 50 day moving average price of $22.32 and a 200-day moving average price of $21.45. The firm has a market cap of $14.94 billion, a PE ratio of 26.53 and a beta of 1.02.

Institutional Investors Weigh In On Schwab US Large-Cap ETF

Several institutional investors have recently modified their holdings of the company. Concourse Financial Group Securities Inc. increased its stake in Schwab US Large-Cap ETF by 224.3% in the third quarter. Concourse Financial Group Securities Inc. now owns 373 shares of the company’s stock valued at $25,000 after purchasing an additional 258 shares during the last quarter. Triad Wealth Partners LLC acquired a new stake in Schwab US Large-Cap ETF during the 2nd quarter worth $28,000. GAMMA Investing LLC lifted its position in Schwab US Large-Cap ETF by 139.8% in the first quarter. GAMMA Investing LLC now owns 494 shares of the company’s stock valued at $31,000 after acquiring an additional 288 shares during the last quarter. Iron Horse Wealth Management LLC acquired a new position in Schwab US Large-Cap ETF in the second quarter valued at $33,000. Finally, City State Bank acquired a new position in Schwab US Large-Cap ETF in the third quarter valued at $42,000.

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.