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

Schwab US Broad Market ETF (NYSEARCA:SCHB) reached a new 52-week high on Wednesday . The stock traded as high as $26.94 and last traded at $26.92, with a volume of 3467730 shares changing hands. The stock had previously closed at $26.82.

Schwab US Broad Market ETF Price Performance

The stock has a market capitalization of $39.94 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02. The stock has a 50 day moving average price of $26.02 and a 200-day moving average price of $26.13.

Institutional Investors Weigh In On Schwab US Broad Market ETF

A number of hedge funds have recently modified their holdings of the business. Brighton Jones LLC boosted its holdings in shares of Schwab US Broad Market ETF by 1,209.6% during the 4th quarter. Brighton Jones LLC now owns 228,625 shares of the company’s stock worth $5,190,000 after purchasing an additional 211,168 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in Schwab US Broad Market ETF by 197.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 21,510 shares of the company’s stock worth $488,000 after buying an additional 14,279 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Schwab US Broad Market ETF by 50.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,549,572 shares of the company’s stock worth $33,362,000 after acquiring an additional 518,984 shares during the period. Schnieders Capital Management LLC. acquired a new position in shares of Schwab US Broad Market ETF during the 2nd quarter valued at about $218,000. Finally, Russell Investments Group Ltd. increased its position in Schwab US Broad Market ETF by 18.5% during the second quarter. Russell Investments Group Ltd. now owns 9,924 shares of the company’s stock worth $236,000 after purchasing an additional 1,552 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. The types of derivatives used by the Fund are options, futures, options on futures and swaps.