Schwab US Broad Market ETF (NYSEARCA:SCHB) Hits New 1-Year High – Should You Buy?

Schwab US Broad Market ETF (NYSEARCA:SCHB)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $22.88 and last traded at $22.86, with a volume of 391237 shares changing hands. The stock had previously closed at $22.35.

Schwab US Broad Market ETF Stock Up 0.5 %

The firm has a market cap of $10.68 billion, a price-to-earnings ratio of 25.24 and a beta of 1.02. The business has a 50 day moving average of $22.05 and a 200 day moving average of $21.22.

Hedge Funds Weigh In On Schwab US Broad Market ETF

Several institutional investors and hedge funds have recently modified their holdings of the company. US Bancorp DE boosted its position in shares of Schwab US Broad Market ETF by 53.1% in the first quarter. US Bancorp DE now owns 20,419 shares of the company’s stock worth $1,247,000 after acquiring an additional 7,079 shares during the last quarter. GAMMA Investing LLC acquired a new position in shares of Schwab US Broad Market ETF in the 2nd quarter valued at $30,000. Jane Street Group LLC purchased a new stake in shares of Schwab US Broad Market ETF during the 1st quarter valued at $4,334,000. Empowered Funds LLC acquired a new stake in shares of Schwab US Broad Market ETF during the 1st quarter worth $400,000. Finally, Astoria Portfolio Advisors LLC. acquired a new stake in shares of Schwab US Broad Market ETF during the 2nd quarter worth $213,000.

Schwab US Broad Market ETF Company Profile

Schwab U.S. Broad Market ETF (the Fund) seeks to track the total return of the Dow Jones U.S. Small-Cap Total Stock Market Index (the Index). The Index is a float-adjusted market capitalization weighted index that reflects the shares of securities actually available to investors in the marketplace. The Fund’s index includes the 2,500 publicly traded United States companies for, which pricing information is available.