Schwab US Broad Market ETF (NYSEARCA:SCHB) Hits New 12-Month High – Here’s What Happened

Schwab US Broad Market ETF (NYSEARCA:SCHB)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $22.61 and last traded at $22.58, with a volume of 522269 shares trading hands. The stock had previously closed at $22.57.

Schwab US Broad Market ETF Trading Up 0.5 %

The firm has a market cap of $10.36 billion, a price-to-earnings ratio of 25.24 and a beta of 1.02. The stock’s fifty day moving average price is $61.45 and its 200-day moving average price is $61.55.

Institutional Investors Weigh In On Schwab US Broad Market ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Strategic Financial Concepts LLC raised its holdings in Schwab US Broad Market ETF by 6,212.4% in the 2nd quarter. Strategic Financial Concepts LLC now owns 4,696,336 shares of the company’s stock valued at $291,000 after buying an additional 4,621,937 shares during the period. Rebalance LLC raised its stake in shares of Schwab US Broad Market ETF by 1.6% in the 2nd quarter. Rebalance LLC now owns 3,656,627 shares of the company’s stock valued at $229,892,000 after acquiring an additional 55,848 shares during the period. Hengehold Capital Management LLC lifted its holdings in shares of Schwab US Broad Market ETF by 1.3% in the 3rd quarter. Hengehold Capital Management LLC now owns 3,056,040 shares of the company’s stock worth $203,288,000 after acquiring an additional 38,823 shares during the last quarter. Strid Group LLC boosted its position in shares of Schwab US Broad Market ETF by 4.0% during the 3rd quarter. Strid Group LLC now owns 2,864,158 shares of the company’s stock worth $190,524,000 after purchasing an additional 111,281 shares during the period. Finally, Evergreen Advisors LLC increased its holdings in Schwab US Broad Market ETF by 1.0% in the 2nd quarter. Evergreen Advisors LLC now owns 2,182,804 shares of the company’s stock valued at $137,233,000 after purchasing an additional 21,357 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.