Schwab US Broad Market ETF (NYSEARCA:SCHB) Hits New 52-Week High – What’s Next?

Schwab US Broad Market ETF (NYSEARCA:SCHBGet Free Report)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $23.95 and last traded at $23.95, with a volume of 2690554 shares traded. The stock had previously closed at $23.82.

Schwab US Broad Market ETF Stock Performance

The firm’s 50 day moving average is $22.65 and its 200 day moving average is $22.43. The stock has a market cap of $34.47 billion, a P/E ratio of 24.59 and a beta of 1.03.

Hedge Funds Weigh In On Schwab US Broad Market ETF

Several hedge funds and other institutional investors have recently modified their holdings of SCHB. Promus Capital LLC purchased a new stake in Schwab US Broad Market ETF in the fourth quarter valued at approximately $25,000. Blume Capital Management Inc. grew its position in Schwab US Broad Market ETF by 200.3% during the 4th quarter. Blume Capital Management Inc. now owns 1,111 shares of the company’s stock worth $25,000 after purchasing an additional 741 shares during the period. Tucker Asset Management LLC raised its stake in shares of Schwab US Broad Market ETF by 233.9% during the 4th quarter. Tucker Asset Management LLC now owns 1,092 shares of the company’s stock valued at $25,000 after buying an additional 765 shares during the last quarter. Studio Investment Management LLC lifted its holdings in shares of Schwab US Broad Market ETF by 200.0% in the 4th quarter. Studio Investment Management LLC now owns 1,092 shares of the company’s stock valued at $25,000 after buying an additional 728 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Schwab US Broad Market ETF in the first quarter worth about $25,000.

Schwab US Broad Market ETF Company Profile

(Get Free Report)

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.

Further Reading

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