Schwab US Broad Market ETF (NYSEARCA:SCHB) Sets New 12-Month High – What’s Next?

Schwab US Broad Market ETF (NYSEARCA:SCHB) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $23.74 and last traded at $23.68, with a volume of 7598 shares. The stock had previously closed at $23.65.

Schwab US Broad Market ETF Price Performance

The company has a market cap of $10.86 billion, a price-to-earnings ratio of 25.24 and a beta of 1.02. The business’s 50-day simple moving average is $23.20 and its 200-day simple moving average is $22.54.

Hedge Funds Weigh In On Schwab US Broad Market ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Michels Family Financial LLC acquired a new position in shares of Schwab US Broad Market ETF in the fourth quarter valued at approximately $264,000. North Star Asset Management Inc. raised its position in shares of Schwab US Broad Market ETF by 201.0% in the fourth quarter. North Star Asset Management Inc. now owns 2,943,378 shares of the company’s stock valued at $66,815,000 after buying an additional 1,965,667 shares during the last quarter. Wilson & Boucher Capital Management LLC raised its position in shares of Schwab US Broad Market ETF by 200.9% in the fourth quarter. Wilson & Boucher Capital Management LLC now owns 283,132 shares of the company’s stock valued at $6,427,000 after buying an additional 189,038 shares during the last quarter. Wick Capital Partners LLC raised its position in shares of Schwab US Broad Market ETF by 203.7% in the fourth quarter. Wick Capital Partners LLC now owns 9,468 shares of the company’s stock valued at $215,000 after buying an additional 6,350 shares during the last quarter. Finally, Retirement Planning Group LLC raised its position in shares of Schwab US Broad Market ETF by 222.5% in the fourth quarter. Retirement Planning Group LLC now owns 5,777,637 shares of the company’s stock valued at $131,152,000 after buying an additional 3,986,204 shares during the last quarter.

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.