Schwab US Small-Cap ETF (NYSEARCA:SCHA) Hits New 52-Week High – Time to Buy?

Schwab US Small-Cap ETF (NYSEARCA:SCHA) shares hit a new 52-week high on Monday . The stock traded as high as $28.16 and last traded at $28.16, with a volume of 5259 shares trading hands. The stock had previously closed at $27.86.

Schwab US Small-Cap ETF Price Performance

The stock has a market capitalization of $9.80 billion, a price-to-earnings ratio of 14.51 and a beta of 1.19. The stock’s 50 day simple moving average is $26.24 and its 200-day simple moving average is $25.03.

Hedge Funds Weigh In On Schwab US Small-Cap ETF

Several hedge funds have recently bought and sold shares of the business. Sawgrass Asset Management LLC lifted its stake in shares of Schwab US Small-Cap ETF by 3.3% in the second quarter. Sawgrass Asset Management LLC now owns 6,573 shares of the company’s stock worth $312,000 after buying an additional 213 shares during the last quarter. Sovereign Financial Group Inc. lifted its position in Schwab US Small-Cap ETF by 2.7% during the 3rd quarter. Sovereign Financial Group Inc. now owns 8,122 shares of the company’s stock worth $418,000 after acquiring an additional 214 shares during the last quarter. Valeo Financial Advisors LLC boosted its holdings in Schwab US Small-Cap ETF by 2.3% during the second quarter. Valeo Financial Advisors LLC now owns 9,671 shares of the company’s stock valued at $459,000 after acquiring an additional 220 shares during the period. Hendershot Investments Inc. grew its position in shares of Schwab US Small-Cap ETF by 1.9% in the second quarter. Hendershot Investments Inc. now owns 11,518 shares of the company’s stock valued at $547,000 after purchasing an additional 220 shares during the last quarter. Finally, Weaver Capital Management LLC increased its stake in shares of Schwab US Small-Cap ETF by 1.9% in the second quarter. Weaver Capital Management LLC now owns 12,034 shares of the company’s stock worth $571,000 after purchasing an additional 221 shares during the period.

Schwab US Small-Cap ETF Company Profile

Schwab U.S. Small-Cap ETF (the Fund) seeks to track the total return of the Dow Jones U.S. Small-Cap Total Stock Market Index. The Dow Jones U.S. Small-Cap Total Stock Market Index includes the components ranked 751-2500 by full market capitalization. The Index is a float-adjusted market capitalization weighted index.