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

Schwab US Broad Market ETF (NYSEARCA:SCHB)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $28.85 and last traded at $28.82, with a volume of 4872229 shares changing hands. The stock had previously closed at $28.60.

Schwab US Broad Market ETF Trading Up 0.7%

The firm has a market capitalization of $42.57 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02. The company’s 50 day moving average is $26.73 and its 200-day moving average is $26.48.

Institutional Investors Weigh In On Schwab US Broad Market ETF

Several hedge funds have recently bought and sold shares of the stock. SHUTTLEWORTH & Co lifted its position in Schwab US Broad Market ETF by 3.8% during the first quarter. SHUTTLEWORTH & Co now owns 23,523 shares of the company’s stock worth $590,000 after acquiring an additional 854 shares during the last quarter. FinArc Investments Inc. bought a new position in shares of Schwab US Broad Market ETF during the first quarter worth approximately $419,000. Western Wealth Management LLC increased its holdings in shares of Schwab US Broad Market ETF by 64.2% during the first quarter. Western Wealth Management LLC now owns 103,898 shares of the company’s stock worth $2,608,000 after purchasing an additional 40,608 shares during the period. Vestwell Advisors LLC increased its holdings in shares of Schwab US Broad Market ETF by 1.7% during the first quarter. Vestwell Advisors LLC now owns 424,244 shares of the company’s stock worth $10,649,000 after purchasing an additional 7,064 shares during the period. Finally, Arkadios Wealth Advisors increased its holdings in shares of Schwab US Broad Market ETF by 91.1% during the first quarter. Arkadios Wealth Advisors now owns 75,144 shares of the company’s stock worth $1,886,000 after purchasing an additional 35,829 shares during the period.

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.