Schwab US Broad Market ETF (NYSEARCA:SCHB) Sets New 52-Week High – Still a Buy?

Schwab US Broad Market ETF (NYSEARCA:SCHB) shares hit a new 52-week high on Tuesday . The company traded as high as $27.96 and last traded at $27.96, with a volume of 3467064 shares. The stock had previously closed at $27.72.

Schwab US Broad Market ETF Stock Performance

The stock has a 50 day moving average of $26.21 and a two-hundred day moving average of $26.26. The stock has a market cap of $41.31 billion, a PE ratio of 25.08 and a beta of 1.02.

Hedge Funds Weigh In On Schwab US Broad Market ETF

A number of institutional investors have recently bought and sold shares of the stock. Donaldson Capital Management LLC lifted its holdings in shares of Schwab US Broad Market ETF by 14.3% during the 4th quarter. Donaldson Capital Management LLC now owns 192,702 shares of the company’s stock valued at $5,055,000 after buying an additional 24,114 shares during the last quarter. Sunburst Financial Group LLC lifted its holdings in shares of Schwab US Broad Market ETF by 1.9% during the 4th quarter. Sunburst Financial Group LLC now owns 2,126,176 shares of the company’s stock valued at $55,770,000 after buying an additional 39,321 shares during the last quarter. Dorato Capital Management acquired a new stake in shares of Schwab US Broad Market ETF during the 4th quarter valued at about $2,500,000. Belpointe Asset Management LLC lifted its holdings in shares of Schwab US Broad Market ETF by 102.2% during the 3rd quarter. Belpointe Asset Management LLC now owns 138,864 shares of the company’s stock valued at $3,570,000 after buying an additional 70,203 shares during the last quarter. Finally, ELCO Management Co. LLC lifted its holdings in shares of Schwab US Broad Market ETF by 15.9% during the 3rd quarter. ELCO Management Co. LLC now owns 168,506 shares of the company’s stock valued at $4,332,000 after buying an additional 23,150 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. The types of derivatives used by the Fund are options, futures, options on futures and swaps.