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

Schwab US Broad Market ETF (NYSEARCA:SCHB)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $18.53 and last traded at $18.58, with a volume of 3901566 shares changing hands. The stock had previously closed at $19.47.

Schwab US Broad Market ETF Stock Performance

The business’s 50 day moving average price is $22.28 and its 200-day moving average price is $22.65. The company has a market cap of $29.86 billion, a price-to-earnings ratio of 23.74 and a beta of 1.05.

Schwab US Broad Market ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, March 31st. Shareholders of record on Wednesday, March 26th were paid a dividend of $0.0649 per share. The ex-dividend date of this dividend was Wednesday, March 26th.

Institutional Trading of Schwab US Broad Market ETF

Several institutional investors have recently bought and sold shares of the stock. Planned Solutions Inc. boosted its stake in shares of Schwab US Broad Market ETF by 6.2% in the 1st quarter. Planned Solutions Inc. now owns 118,858 shares of the company’s stock valued at $2,559,000 after purchasing an additional 6,961 shares in the last quarter. Kwmg LLC bought a new position in Schwab US Broad Market ETF during the 1st quarter valued at about $1,445,000. Merit Financial Group LLC bought a new stake in Schwab US Broad Market ETF during the first quarter worth about $2,348,000. NBC Securities Inc. grew its stake in Schwab US Broad Market ETF by 103,730.4% during the first quarter. NBC Securities Inc. now owns 23,881 shares of the company’s stock worth $514,000 after buying an additional 23,858 shares during the last quarter. Finally, Worth Asset Management LLC increased its holdings in shares of Schwab US Broad Market ETF by 13.4% during the first quarter. Worth Asset Management LLC now owns 15,120 shares of the company’s stock worth $326,000 after buying an additional 1,785 shares in 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.