Schwab US Broad Market ETF (NYSEARCA:SCHB) Hits New 12-Month High – Should You Buy?

Schwab US Broad Market ETF (NYSEARCA:SCHB)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $30.05 and last traded at $30.04, with a volume of 254567 shares. The stock had previously closed at $29.90.

Schwab US Broad Market ETF Stock Up 0.8%

The company has a fifty day moving average of $28.93 and a two-hundred day moving average of $27.60. The stock has a market capitalization of $45.22 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02.

Institutional Trading of Schwab US Broad Market ETF

Hedge funds have recently made changes to their positions in the company. Compass Financial Management LLC purchased a new stake in shares of Schwab US Broad Market ETF in the second quarter valued at about $38,000. Abound Wealth Management raised its holdings in Schwab US Broad Market ETF by 1.7% during the second quarter. Abound Wealth Management now owns 37,430 shares of the company’s stock worth $1,084,000 after purchasing an additional 629 shares in the last quarter. Envision Financial LLC raised its holdings in Schwab US Broad Market ETF by 23.6% during the second quarter. Envision Financial LLC now owns 76,886 shares of the company’s stock worth $2,227,000 after purchasing an additional 14,674 shares in the last quarter. Fiduciary Financial Group LLC acquired a new stake in Schwab US Broad Market ETF in the second quarter valued at about $207,000. Finally, Stonekeep Investments LLC lifted its position in Schwab US Broad Market ETF by 3.2% in the second quarter. Stonekeep Investments LLC now owns 945,015 shares of the company’s stock valued at $27,368,000 after purchasing an additional 29,705 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.