For investors seeking momentum, Schwab U.S. Large-Cap Value ETF SCHV is probably on radar now. The fund just hit a 52-week high and is up roughly 23% from its 52-week low price of $36.55/share.
But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea on where it might be headed:
SCHV in Focus
SCHV focuses on the large cap value segment of the U.S. market, holding 338 stocks in its basket. It has key holdings in the financials, consumer staples and information technology segments. The fund charges investors 6 basis points a year in fees and has top holdings in Microsoft (NASDAQ:MSFT) , Exxon Mobil (NYSE:XOM) and Johnson & Johnson (NYSE:JNJ) (see: all the Large Cap ETFs here).
Why the Move?
The large cap segment of the broad U.S. stock market has been an area to watch lately given the regained momentum in the U.S. stock market that has instilled optimism in the riskier assets. However, an uncertain Fed policy and global growth concerns continue to weigh on the market, making investors cautious and tilt toward the value stocks. This is because value investing ensures safety to investors and includes stocks with strong fundamentals – earnings, dividends, book value and cash flow – that trade below their intrinsic value.
More Gains Ahead?
Currently, SCHV has a Zacks ETF Rank of 2 or ‘Buy’ rating with a Medium risk outlook, suggesting outperformance in the months ahead. Further, many of the segments that make up this ETF have a strong Zacks Industry Rank, so there is definitely some promise for those who want to ride this surging ETF a little further.
JOHNSON & JOHNS (JNJ): Free Stock Analysis Report
MICROSOFT CORP (MSFT): Free Stock Analysis Report
EXXON MOBIL CRP (XOM): Free Stock Analysis Report
SCHWAB-US LCV (SCHV): ETF Research Reports
Original post
Zacks Investment Research
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Large Cap Value ETF (SCHV) Hits New 52-Week High
Published 06/09/2016, 08:55 AM
Updated 07/09/2023, 06:31 AM
Large Cap Value ETF (SCHV) Hits New 52-Week High
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