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

Schwab US Broad Market ETF (NYSEARCA:SCHB) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $27.53 and last traded at $27.33, with a volume of 2123618 shares changing hands. The stock had previously closed at $27.40.

Schwab US Broad Market ETF Stock Down 0.5%

The company has a market capitalization of $40.22 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02. The stock’s fifty day moving average price is $26.04 and its 200-day moving average price is $26.16.

Institutional Trading of Schwab US Broad Market ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. GeoWealth Management LLC raised its holdings in shares of Schwab US Broad Market ETF by 0.4% in the third quarter. GeoWealth Management LLC now owns 100,043 shares of the company’s stock valued at $2,572,000 after purchasing an additional 388 shares during the last quarter. Occidental Asset Management LLC increased its holdings in Schwab US Broad Market ETF by 4.2% during the fourth quarter. Occidental Asset Management LLC now owns 9,880 shares of the company’s stock worth $259,000 after buying an additional 400 shares during the last quarter. Blue Trust Inc. increased its holdings in Schwab US Broad Market ETF by 1.9% during the third quarter. Blue Trust Inc. now owns 22,375 shares of the company’s stock worth $575,000 after buying an additional 414 shares during the last quarter. Summit Place Financial Advisors LLC increased its holdings in Schwab US Broad Market ETF by 1.1% during the third quarter. Summit Place Financial Advisors LLC now owns 40,789 shares of the company’s stock worth $1,049,000 after buying an additional 425 shares during the last quarter. Finally, Triangle Securities Wealth Management increased its holdings in Schwab US Broad Market ETF by 0.4% during the third quarter. Triangle Securities Wealth Management now owns 117,174 shares of the company’s stock worth $3,013,000 after buying an additional 431 shares during the last quarter.

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. The types of derivatives used by the Fund are options, futures, options on futures and swaps.