Covington Investment Advisors Inc. Raises Holdings in Schwab US Large-Cap ETF (NYSEARCA:SCHX)

Covington Investment Advisors Inc. boosted its position in Schwab US Large-Cap ETF (NYSEARCA:SCHX) by 203.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,310 shares of the company’s stock after acquiring an additional 20,999 shares during the quarter. Covington Investment Advisors Inc.’s holdings in Schwab US Large-Cap ETF were worth $726,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SCHX. Weik Capital Management raised its stake in Schwab US Large-Cap ETF by 205.0% during the 4th quarter. Weik Capital Management now owns 15,295 shares of the company’s stock worth $355,000 after acquiring an additional 10,280 shares in the last quarter. Blair William & Co. IL boosted its position in shares of Schwab US Large-Cap ETF by 205.6% in the 4th quarter. Blair William & Co. IL now owns 98,808 shares of the company’s stock valued at $2,290,000 after purchasing an additional 66,480 shares during the period. Rockbridge Investment Management LCC increased its position in Schwab US Large-Cap ETF by 169.6% during the fourth quarter. Rockbridge Investment Management LCC now owns 26,073 shares of the company’s stock worth $604,000 after buying an additional 16,402 shares during the period. Delta Asset Management LLC TN lifted its stake in Schwab US Large-Cap ETF by 200.0% in the fourth quarter. Delta Asset Management LLC TN now owns 1,350 shares of the company’s stock valued at $31,000 after buying an additional 900 shares during the last quarter. Finally, Howe & Rusling Inc. boosted its holdings in shares of Schwab US Large-Cap ETF by 364.2% in the fourth quarter. Howe & Rusling Inc. now owns 31,785 shares of the company’s stock valued at $737,000 after acquiring an additional 24,938 shares during the period.

Schwab US Large-Cap ETF Price Performance

Shares of Schwab US Large-Cap ETF stock opened at $22.39 on Friday. The firm’s fifty day simple moving average is $23.35 and its 200-day simple moving average is $23.21. Schwab US Large-Cap ETF has a 12 month low of $19.50 and a 12 month high of $24.31. The stock has a market capitalization of $50.38 billion, a price-to-earnings ratio of 24.44 and a beta of 1.03.

Schwab US Large-Cap ETF Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th will be paid a dividend of $0.0668 per share. The ex-dividend date is Wednesday, March 26th.

Schwab US Large-Cap ETF 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.