MML Investors Services LLC Purchases 463,869 Shares of Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV)

MML Investors Services LLC boosted its position in Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) by 219.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 675,339 shares of the company’s stock after purchasing an additional 463,869 shares during the period. MML Investors Services LLC owned about 0.47% of Schwab U.S. Large-Cap Value ETF worth $17,606,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Financial Engines Advisors L.L.C. grew its position in shares of Schwab U.S. Large-Cap Value ETF by 184.2% during the 4th quarter. Financial Engines Advisors L.L.C. now owns 55,360,772 shares of the company’s stock valued at $1,443,255,000 after acquiring an additional 35,884,431 shares during the period. Sei Investments Co. grew its holdings in Schwab U.S. Large-Cap Value ETF by 220.7% during the fourth quarter. Sei Investments Co. now owns 38,914,600 shares of the company’s stock valued at $1,014,504,000 after purchasing an additional 26,780,137 shares during the period. Mather Group LLC. increased its position in Schwab U.S. Large-Cap Value ETF by 197.4% in the fourth quarter. Mather Group LLC. now owns 31,961,534 shares of the company’s stock worth $833,237,000 after buying an additional 21,215,739 shares in the last quarter. Envestnet Asset Management Inc. increased its position in Schwab U.S. Large-Cap Value ETF by 228.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 15,926,683 shares of the company’s stock worth $415,209,000 after buying an additional 11,074,601 shares in the last quarter. Finally, Avantax Planning Partners Inc. raised its stake in shares of Schwab U.S. Large-Cap Value ETF by 200.2% in the fourth quarter. Avantax Planning Partners Inc. now owns 9,927,842 shares of the company’s stock worth $258,819,000 after buying an additional 6,621,242 shares during the period.

Schwab U.S. Large-Cap Value ETF Trading Down 1.8 %

Shares of NYSEARCA:SCHV opened at $24.53 on Tuesday. The stock has a 50 day moving average of $26.21 and a 200 day moving average of $26.68. The company has a market cap of $11.07 billion, a PE ratio of 18.92 and a beta of 0.89. Schwab U.S. Large-Cap Value ETF has a 12-month low of $23.08 and a 12-month high of $28.19.

Schwab U.S. Large-Cap Value ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, March 31st. Shareholders of record on Wednesday, March 26th were paid a $0.1412 dividend. The ex-dividend date of this dividend was Wednesday, March 26th.

About Schwab U.S. Large-Cap Value ETF

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.