Schwab US Broad Market ETF (NYSEARCA:SCHB) Sets New 1-Year High – What’s Next?

Schwab US Broad Market ETF (NYSEARCA:SCHB) shares reached a new 52-week high on Friday . The stock traded as high as $26.17 and last traded at $26.18, with a volume of 365746 shares. The stock had previously closed at $25.93.

Schwab US Broad Market ETF Stock Up 0.8%

The firm has a market capitalization of $38.02 billion, a price-to-earnings ratio of 25.08 and a beta of 1.03. The stock has a 50 day moving average of $25.41 and a 200 day moving average of $23.80.

Institutional Investors Weigh In On Schwab US Broad Market ETF

Several institutional investors and hedge funds have recently made changes to their positions in SCHB. ARS Wealth Advisors Group LLC increased its stake in Schwab US Broad Market ETF by 4.3% during the third quarter. ARS Wealth Advisors Group LLC now owns 9,779 shares of the company’s stock valued at $251,000 after purchasing an additional 405 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Schwab US Broad Market ETF by 1.9% in the 3rd quarter. Blue Trust Inc. now owns 22,375 shares of the company’s stock valued at $575,000 after buying an additional 414 shares during the period. Summit Place Financial Advisors LLC grew its position in shares of Schwab US Broad Market ETF by 1.1% during the 3rd quarter. Summit Place Financial Advisors LLC now owns 40,789 shares of the company’s stock valued at $1,049,000 after buying an additional 425 shares during the last quarter. Foster Victor Wealth Advisors LLC raised its stake in Schwab US Broad Market ETF by 1.5% during the second quarter. Foster Victor Wealth Advisors LLC now owns 28,669 shares of the company’s stock worth $691,000 after acquiring an additional 426 shares during the period. Finally, SteelPeak Wealth LLC raised its stake in Schwab US Broad Market ETF by 2.0% during the second quarter. SteelPeak Wealth LLC now owns 21,842 shares of the company’s stock worth $521,000 after acquiring an additional 427 shares during the period.

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.