Schwab US Broad Market ETF (NYSEARCA:SCHB) Hits New 52-Week High – Time to Buy?

Shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) hit a new 52-week high during trading on Monday . The company traded as high as $28.44 and last traded at $28.44, with a volume of 406413 shares trading hands. The stock had previously closed at $28.42.

Schwab US Broad Market ETF Stock Up 0.4%

The stock has a 50 day simple moving average of $26.31 and a 200 day simple moving average of $26.31. The company has a market capitalization of $42.19 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02.

Hedge Funds Weigh In On Schwab US Broad Market ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Evergreen Advisors LLC bought a new stake in shares of Schwab US Broad Market ETF during the fourth quarter valued at approximately $161,772,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Schwab US Broad Market ETF during the fourth quarter valued at approximately $77,479,000. Caprock Group LLC bought a new stake in shares of Schwab US Broad Market ETF during the third quarter valued at approximately $54,987,000. Boulder Wealth Advisors LLC bought a new stake in shares of Schwab US Broad Market ETF during the third quarter valued at approximately $40,435,000. Finally, Appalachian Capital Management Ltd bought a new stake in shares of Schwab US Broad Market ETF during the fourth quarter valued at approximately $40,815,000.

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.