Tortoise Investment Management LLC Purchases 44,545 Shares of Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV)

Tortoise Investment Management LLC increased its stake in Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) by 199.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 66,904 shares of the company’s stock after purchasing an additional 44,545 shares during the period. Tortoise Investment Management LLC’s holdings in Schwab U.S. Large-Cap Value ETF were worth $1,744,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Independent Advisor Alliance increased its position in shares of Schwab U.S. Large-Cap Value ETF by 2,621.9% in the fourth quarter. Independent Advisor Alliance now owns 113,367 shares of the company’s stock worth $2,955,000 after purchasing an additional 109,202 shares during the period. Meriwether Wealth & Planning LLC bought a new position in shares of Schwab U.S. Large-Cap Value ETF in the fourth quarter worth $14,338,000. Johnson Investment Counsel Inc. increased its position in shares of Schwab U.S. Large-Cap Value ETF by 203.4% in the fourth quarter. Johnson Investment Counsel Inc. now owns 33,111 shares of the company’s stock worth $863,000 after purchasing an additional 22,199 shares during the period. Keb Asset Management LLC increased its position in shares of Schwab U.S. Large-Cap Value ETF by 201.8% in the fourth quarter. Keb Asset Management LLC now owns 47,983 shares of the company’s stock worth $1,251,000 after purchasing an additional 32,086 shares during the period. Finally, Lowery Thomas LLC increased its position in shares of Schwab U.S. Large-Cap Value ETF by 200.7% in the fourth quarter. Lowery Thomas LLC now owns 218,455 shares of the company’s stock worth $5,695,000 after purchasing an additional 145,807 shares during the period.

Schwab U.S. Large-Cap Value ETF Stock Up 0.9 %

NYSEARCA:SCHV opened at $26.92 on Monday. The stock’s 50-day simple moving average is $26.89 and its 200 day simple moving average is $26.84. The firm has a market capitalization of $12.07 billion, a PE ratio of 19.93 and a beta of 0.96. Schwab U.S. Large-Cap Value ETF has a twelve month low of $23.84 and a twelve month high of $28.19.

Schwab U.S. Large-Cap Value ETF Profile

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.