Schwab US Broad Market ETF (NYSEARCA:SCHB) Sets New 12-Month High – Here’s Why

Schwab US Broad Market ETF (NYSEARCA:SCHB)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $29.45 and last traded at $29.45, with a volume of 210461 shares trading hands. The stock had previously closed at $29.27.

Schwab US Broad Market ETF Trading Up 1.0%

The firm’s fifty day moving average is $28.83 and its 200-day moving average is $27.44. The stock has a market capitalization of $44.36 billion, a PE ratio of 25.08 and a beta of 1.02.

Institutional Trading of Schwab US Broad Market ETF

Several hedge funds have recently added to or reduced their stakes in the company. Financial Life Planners purchased a new position in Schwab US Broad Market ETF during the 1st quarter worth approximately $27,000. Birchwood Financial Partners Inc. purchased a new stake in Schwab US Broad Market ETF in the 4th quarter valued at approximately $28,000. Wiser Advisor Group LLC purchased a new stake in shares of Schwab US Broad Market ETF in the third quarter valued at approximately $29,000. Bayban acquired a new position in shares of Schwab US Broad Market ETF during the 4th quarter worth $33,000. Finally, LRI Investments LLC purchased a new position in Schwab US Broad Market ETF in the fourth quarter valued at about $35,000.

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.