Schwab US Broad Market ETF (NYSEARCA:SCHB) Hits New 1-Year High – Here’s What Happened

Schwab US Broad Market ETF (NYSEARCA:SCHB) shares hit a new 52-week high on Wednesday . The company traded as high as $25.99 and last traded at $25.82, with a volume of 6117975 shares changing hands. The stock had previously closed at $25.93.

Schwab US Broad Market ETF Trading Down 0.4%

The company has a market cap of $37.52 billion, a price-to-earnings ratio of 25.08 and a beta of 1.03. The business has a fifty day moving average price of $25.09 and a two-hundred day moving average price of $23.37.

Hedge Funds Weigh In On Schwab US Broad Market ETF

A number of large investors have recently made changes to their positions in the business. Gallagher Fiduciary Advisors LLC increased its holdings in Schwab US Broad Market ETF by 2,295.8% in the second quarter. Gallagher Fiduciary Advisors LLC now owns 64,764,324 shares of the company’s stock worth $1,543,334,000 after buying an additional 62,061,116 shares during the last quarter. Rebalance LLC increased its holdings in Schwab US Broad Market ETF by 10.1% in the second quarter. Rebalance LLC now owns 13,159,188 shares of the company’s stock worth $313,583,000 after buying an additional 1,209,350 shares during the last quarter. SCS Capital Management LLC increased its holdings in Schwab US Broad Market ETF by 2.7% in the second quarter. SCS Capital Management LLC now owns 12,223,396 shares of the company’s stock worth $291,284,000 after buying an additional 322,220 shares during the last quarter. Hengehold Capital Management LLC increased its holdings in Schwab US Broad Market ETF by 0.8% in the first quarter. Hengehold Capital Management LLC now owns 9,013,141 shares of the company’s stock worth $194,053,000 after buying an additional 70,735 shares during the last quarter. Finally, Strid Group LLC increased its holdings in Schwab US Broad Market ETF by 0.5% in the second quarter. Strid Group LLC now owns 8,658,237 shares of the company’s stock worth $206,322,000 after buying an additional 43,935 shares during the last quarter.

About Schwab US Broad Market ETF

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.